Thesis Open Access
Nygren, Johan
{ "description": "<p>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.</p>", "license": "https://creativecommons.org/licenses/by/4.0/legalcode", "creator": [ { "affiliation": "Unaffiliated", "@type": "Person", "name": "Nygren, Johan" } ], "headline": "Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income", "image": "https://zenodo.org/static/img/logos/zenodo-gradient-round.svg", "datePublished": "2019-05-22", "url": "https://zenodo.org/record/3250239", "@context": "https://schema.org/", "identifier": "https://doi.org/10.5281/zenodo.3250239", "@id": "https://doi.org/10.5281/zenodo.3250239", "@type": "ScholarlyArticle", "name": "Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income" }
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