Published May 22, 2019
| Version v10
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Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income
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ABSTRACT: Ripple, the multi-hop mutual credit system invented by Ryan Fugger in 2003, is an ideal topology for a person-to-person safety net. The web of credit lines that Ripple models can be used as a conduit for reallocation of transaction taxes, used to pay for debt reduction to provide a social safety net for access to basic needs. The result is similar to Silvio Gesell’s notion of “decaying currency”.
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Resilience_multihop_tax_reallocation_in_Ripple_for_guaranteed_basic_income.pdf
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