3252585
doi
10.5281/zenodo.3252585
oai:zenodo.org:3252585
Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income
Nygren, Johan
Unaffiliated
info:eu-repo/semantics/openAccess
Creative Commons Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/legalcode
<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>
Zenodo
2019-05-22
info:eu-repo/semantics/doctoralThesis
3111697
1579541840.349406
192763
md5:ecd4a3e3d1a9d2b23102e29801b57c02
https://zenodo.org/records/3252585/files/Resilience_multihop_tax_reallocation_in_Ripple_for_guaranteed_basic_income.pdf
90374
md5:d8cfa88987448a1ea675850515f288e6
https://zenodo.org/records/3252585/files/swarmredistribution.gif
public
10.5281/zenodo.3111697
isVersionOf
doi