Reflective Bitcoin: A Self-Sustaining Peer-to-Peer Cash SystemI have been working on a new electronic cash system that improves upon the incentive structure of decentralized money. Bitcoin proved that a trustless, peer-to-peer system could replace centralized intermediaries. It introduced a form of money where no permission was required, no single authority could interfere, and value could move freely between individuals. But as with any system, there remain questions of incentive. Bitcoin’s ...