There is a newer version of this record available.

Thesis Open Access

Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income

Nygren, Johan

ABSTRACT: Ripple, the multi-hop mutual credit system invented by Ryan Fugger in 2003, is an ideal topology for a new type of mass-scale redistribution of wealth. The credit lines in Ripple can be used as conduits for reallocation of transaction taxes, achieving scalability by "multi-hop routing", the same design philosophy that governs data transmission on the internet. Tax is reallocated by "hopping" from person-to-person along credit lines, analogous to packages of data in TCP/IP, propagating until it finds a person without an "income". This new mechanism for redistribution of wealth is fault tolerant, has no central points of control, and scales to infinite size.

Files (282.3 kB)
Name Size
Resilience_multihop_tax_reallocation_in_Ripple_for_guaranteed_basic_income.pdf
md5:4a3c02f4967077172824e70a8c4258e8
191.9 kB Download
swarmredistribution.gif
md5:d8cfa88987448a1ea675850515f288e6
90.4 kB Download
3,186
1,339
views
downloads
All versions This version
Views 3,18669
Downloads 1,33933
Data volume 228.1 MB6.2 MB
Unique views 2,38660
Unique downloads 1,05432

Share

Cite as