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

Nygren, Johan


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    <dct:title>Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income</dct:title>
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    <dct:description>&lt;p&gt;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 &amp;quot;multi-hop routing&amp;quot;, the same design philosophy that governs data transmission on the internet. Tax is reallocated by &amp;quot;hopping&amp;quot; from person-to-person along credit lines, analogous to packages of data in TCP/IP, propagating until it finds a person without an &amp;quot;income&amp;quot;. This new mechanism for redistribution of wealth is fault tolerant, has no central points of control, and scales to infinite size.&lt;/p&gt;</dct:description>
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