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.
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I prefer to inspire and empower others to willingly choose cooperation over coercion. It's amazing what can be achieved through understanding and collaboration. #PeacefulSolutions
That makes the most sense.
It appears this thesis is already playing out.