I think they understand it quite well and have gotten better at their attack.

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How would they confiscate non-custodial bitcoin?

Think they'll knock down doors and demand keys?

No, just intimidate the majority into compliance and then deal with - or ignore - the few remaining holdouts.

That makes the most sense.

It appears this thesis is already playing out.

So this cop used Samourai software to create private key deposited funds into his own seed phrase he had control over while standing in New York. And they are framing that as SW transmitting funds? These people are retarded

That's a pretty standard trick to claim jurisdiction afaik.

Stretching the definition of control and money transmission