New Dreamer

Google to Offer Checking Accounts? (Payment Routing)

https://www.scribd.com/document/434931569/Resilience-A-Peer-To-Peer-Wealth-Redistribution-System

Resilience: A Peer-To-Peer ... by BipedalJoe on Scribd

Resilience

@resilience_me

This here is a protocol I work on, I call it Resilience. It has no central points of control whatsoever, all processes are entirely person-to-person, based on social relationships, trust. https://t.co/9ZRBqopwKB

— Johan Nygren (@resilience_me) May 27, 2019

Then just a simple transaction tax, applied on every transaction (including every hop in payment routing), and it is reallocated by propagating from person-to-person, per "pay it forward". Those with no incoming credit lines have universal basic income, others "risk reduction". pic.twitter.com/T69Yj1JhTn

— Johan Nygren (@resilience_me) May 27, 2019

Below is an example that shows payment routing of 1000 XYZ with one hop, from Me via Sally to You, with a 4% transaction tax, and multi-hop debt reduction by tax reallocation propagating outwards.

Read more on https://t.co/06UtCKUcUs pic.twitter.com/cB5PqUeuim

— Johan Nygren (@resilience_me) May 25, 2019

Person-to-person payment routing of 1000 XYZ plus taxes, a 4% tax-rate, with "multi-hop" tax reallocation. When a person lacks an "income", has no incoming credit lines, they only receive, the system provides them with unconditional basic income. pic.twitter.com/kS0j7Oykfv

— Johan Nygren (@resilience_me) June 3, 2019

So all Resilience is at base protocols (some things added on top of it also) is payment routing via "multi-hop" like in the Ripple protocol from 2003. Those taxes are then reallocated, person-to-person, like blood through a vascular system. Exactly like this, 1000 XYZ, 4% tax --> pic.twitter.com/35OL5pCBhJ

— Johan Nygren (@resilience_me) June 4, 2019

@scottsantens then pays @gerd27836653 200 XYZ, and @gerd27836653 does not trust @scottsantens directly, but trusts @gurtsgarden, so the payment is routed via @gurtsgarden (the Ripple protocol, 2003), with taxes on every intermediary in payment routing (the Resilience protocol. ) pic.twitter.com/EYXxZvqv2Q

— Johan Nygren (@resilience_me) June 4, 2019

Resilience is re-allocation, more similar to traditional taxation than minting coins to people at continuous rate. Difference from legacy taxes, tax moves between people directly, no need for any central coordination. Working on it since 2 years when Circles was proposed in 2014.

— Johan Nygren (@resilience_me) June 4, 2019

Not really related to XRP, the Ripple protocol was defined in 2004, 15 years ago. There have been many impementations, https://t.co/okx40aZMQC and https://t.co/5lg6OiXWaj both required "GAS" because they have global consensus, but multi-hop payment routing does not need that.

— Johan Nygren (@resilience_me) June 4, 2019

New animation added as supplementary data to the whitepaper on https://t.co/AoIEdDObEt, covers "multi-hop" mutual credit in Ripple, payment routing via people who trust each other, and "multi-hop" tax reallocation in Resilience, redistribution via people who trust one another. pic.twitter.com/PNLpC2O796

— Johan Nygren (@resilience_me) June 4, 2019

public.asu.edu/~ruozhouy/docs/icccn-18-paper.pdf

Payment Routing = MONEY MOVES AGAIN !