Thesis Open Access

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

Nygren, Johan


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{
  "publisher": "Zenodo", 
  "DOI": "10.5281/zenodo.3255284", 
  "title": "Resilience: multi-hop tax reallocation in Ripple for guaranteed basic income", 
  "issued": {
    "date-parts": [
      [
        2019, 
        5, 
        22
      ]
    ]
  }, 
  "abstract": "<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 &quot;multi-hop routing&quot;, the same design philosophy that governs data transmission on the internet. Tax is reallocated by &quot;hopping&quot; from person-to-person along credit lines, analogous to packages of data in TCP/IP, propagating until it finds a person without an &quot;income&quot;. This new mechanism for redistribution of wealth is fault tolerant, has no central points of control, and scales to infinite size.</p>", 
  "author": [
    {
      "family": "Nygren, Johan"
    }
  ], 
  "type": "thesis", 
  "id": "3255284"
}
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