Computationally inexpensive taxation mechanism, taxes money supply every second
Creators
Description
In this taxation mechanism, "the government" (ideally a dApp coordinating wealth redistribution autonomously) dictates how much of the total money supply it wants, and, taxes are enforced on accounts the next time those accounts are accessed, in a way that is pre-determined and cannot be avoided. The process can be repeated indefinitely, and is still balanced in terms of order of events while minimizing computational overhead.
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Computationally inexpensive taxation mechanism, taxes money supply every second.pdf
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(83.7 kB)
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