I'm trying to get the economics of this down for a written piece.
Ive got a few problems though:
What is the Incentive of being a good node?
What is the dis-incentive of being a bad node?
For example at a marketplace, people build up a reputation, and wouldn't want to damage it by selling bad goods.
An untrusted seller at a market place will be met with low sales. Thus there exists an incentive to selling good goods.
With bitcoin, say Im deciding whether to be a good node or a bad node. Is it not true that im impartial? Wont I get paid either way, as long as I solve the block?
Now I know that in most systems (and definitely bitcoin) that there are much more good nodes then bad nodes. But what is the rationality behind it from an individual level?