> ...they can raise fees to participate in a network? The only times they have done that, AFAIU, is when they wanted to pump altcoins (such as Ethereum when th

> ...they can raise fees to participate in a network? The only times they have done that, AFAIU, is when they wanted to pump altcoins (such as Ethereum when there was a lot of uncertainty over bitcoin scaling and community seeing segwit not adopted; or such as BCash when the UASF was coming). Everytime they've done this, they have had to spend a lot of money to do it. We will never know if it payed off, but right now fees are really low. > Look at the Chinese government able to shut down exchanges to prevent people from exchanging bitcoin for yuan. Sorry, what does this have to do with blockchain? > Do you really think five mining pools can't be easy targets for freezing someone's account? Come on. Not all mining pools are in the same country, so it's not so easy to do that unless you're the NWO. And even if you managed to make the main 5 mining pools censor your transaction, from time to time there are smaller mining pools that mine some block, so if you put a high-enough fee for them, you would eventually move your money. > Just because you call it a lie and downvote me doesn't make it so. Use substantive argument I only called any sentence from you as a lie when you were not providing arguments, just FUD. As for me, I tried to back my arguments with reasons all the time. Also I cannot downvote comments that I reply to, so it's not me downvoting you actually. > Now, as far as diversifying your holdings into many accounts and currencies I never mentioned "many currencies", and I never mentioned "many accounts". With HD wallets, you have many addresses which all belong to the same account. > and it's not easy to keep many anonymous identities totally separate btw. Wrong, please study HD wallets, they are a thing, and it's usage is automatic and not complex. > They can make the fees really high so as to make small transactions infeasible. Fortunately, we have Layer2 to save us. Fees will be much lower thanks to that. > Now, you want to be really permissionless? Use credit-money, like Ripple or Trustlines.network . I knew all your FUD had some motivation behind it :) Go pump your altcoins elsewhere. Ripple is premined by the banks so using it is like letting the same fiat-money players be the kings of the game again.