publication . Doctoral thesis . Other literature type . 2019

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

Nygren, Johan;
Open Access
  • Published: 22 May 2019
Abstract
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 s...
ZENODO
Doctoral thesis . 2019
Provider: ZENODO
Zenodo
Other literature type . 2019
Provider: Datacite
ZENODO
Doctoral thesis . 2019
Provider: ZENODO
Zenodo
Other literature type . 2019
Provider: Datacite
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