More science:
http://www.abrmr.com/myfile/conference_proceedings/Con_Pro_89443/iacd4-3-14-7.pdf5. Discussion
In the management accounting discipline, employees are rewarded financially when they achieve their budget targets. This is particularly the case in individualistic societies due to the high importance attributed to budgets as a critical tool used for performance measurement, evaluation and rewards (Wu 2005). The expectations of rewards for individuals in an individualist society are largely based on an individuals performance in attaining budgetary targets (Earley 1989; Yee et al. 2008). In contrast, individuals in collectivist-oriented societies are not willing to sacrifice the interests of their group for personal goals (Earley 1993). In this regard, the hypothesis of this study (rewards) was supported.
Why is this relevant? In a peer-to-peer networked cryptocurrency, individualism is enforced by the cryptography
allowing only pseudonymity, thus rendering ineffective the usual group-based social sanctions that mediate relationships between social entities - with the result that individuals can be complete PITAs and there's nothing the group can do about it.
OTOH, collectivism is enforced by the fact that all nodes stand and fall with the network. Acting singly as an individual is ineffective, only concerted, collective action can affect the overall state of the group so it doesn't actually matter that an individual is being a PITA, the network is immune, the group can safely ignore a single outlier, perhaps even a handful.
If, over time, that handful (of, in essence, dissenters to the social consensus) grows to become significant, they will evolve for themselves a separate system better suited to their individual and group objectives (c.f. BCC, ETC). There need be no overall deleterious effect on the parent group, the post-evolution state better suits the members of the parent group because the troublemakers now have their own coin, which (some will maintain) is a shitcoin, bound to fail, can't possibly succeed, is already failing, etc.
Cheers
Graham