November 12, 2019 Journal article Open Access

Resilience: A peer-to-peer wealth redistribution system

BipedalJoe

Abstract. A purely peer-to-peer version of wealth redistribution would allow people to coordinate their own taxation without the use of a central government. Such a system would rely instead on redistributing taxes via the peers as trusted intermediaries. The network formed by multi-hop mutual credit payments provides a transport network for peer-to-peer wealth redistribution. Payment paths can be used to transport tax between peers, achieving scalability by "multi-hop routing", the same design philosophy that governs data transmission on the internet.