this is the paragraph
It is important to observe that we do not impose any rules for choosing which transactions a node will approve. Instead, we argue that if a large number of nodes follow some “reference” rule, then for any fixed node it is better to stick to a rule of the same kind. This seems to be a reasonable assumption, especially in the context of IoT, where nodes are specialized chips with pre-installed firmware.
what is this reference rule? how would a node choose which site to approve then?
to my understanding; you must be a node to issue a transaction of coins to an address, does this mean that when i buy iota off a site like binance, they will have to run a node to issue my request?
also if there is only the incentive to issue a transaction for becoming a node, doesnt this mean there will be a low amount of nodes, slowing the process down?
P.S. I have not read the entire whitepaper so please excuse any questions that i will have an answer to