How to Create Resilience
Back in the early 2000s, Ryan Fugger invented something that will come to change the future of economics. He invented Ripple, a P2P credit clearing system.
Some argue that P2P credit is unstable and prone to inflation, and I second that, and I believe Ripple should be combined with some form of stable index. Perhaps something like solarcoin.org — what could be more stable than the energy of a photon ?
What’s amazing about Ripple is not its qualities as a credit ledger, but rather, how it provides a map to how circles of transaction contribute value to one another.
Using Ripple, it’s possible to map how value networks grow, interact, overlap. Ripple shows real growth. It’s absolutely brilliant.
What if future value added, that backtracks to my individual contributions, could give dividends to me ?
During a transaction, A and B negotiate how much to donate to the Resilience algorithm. They do so based on the rules that apply to taxemes — autonomous, non-coercive dividend collectors that are hard-wired into their wallets.
A wants the donation to be high, because As future dividends rely on a dividend pathway that is created from A to B. A wants a dividend pathway that has high throughput of future value added, that extends from the value that A provides B (in Ripple, As transaction to B is a promise that A will provide B with the same amount of value that B just gave A).