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RE: The Resilience protocol — Darwinian Basic Income

in #ethereum9 years ago

I don't really get this system. Ok, there is a cryptocurrency that is given out as an basic income. And there are producers who contribute by giving their products and services for this cryptocurrency. But what are these taxemes and what are they doing? Please explain this for the dummies again.

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Each transaction in Resilience forms a dividend pathway. If you buy something from a store, then as that store buys goods from their supply chain, they will further the branch that grows from you.

These branches behave like "positive pyramid schemes". If a pyramid scheme is viewed as "a voluntary and decentralized wealth transfer system, where each person that joins is driven by the promise of profit", then every single branch would be its own wealth sharing system. Branches would grow all the time, and old nodes would be pruned away as their dividend pathways are used up.

Imagine a "perpetuum mobile" pyramid scheme system, one that never ends, that branches in an infinite number of directions, and always grows whilst also shedding its roots.

Taxemes are the selection system for how much tax each transaction extracts. Instead of setting a central tax-rate for every node, the Resilience protocol uses Taxemes.

The tax is shared with those further down on a branch. Users are rewarded for spreading Taxemes with high tax-rates, because it gives them wider dividend pathways, think arteries and capillaries, that lead to higher rewards.

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