Why confiscating Bitcoin won’t work if the Government wanted to do an EO6102?
Game theory.
Nationalize all coins off exchanges and you get 70% of the total. A very small niche of highly disagreeable highly schizo people hold the rest.
These people will not come quietly and will not make it easy for you to get the other 30%.
That is why they’ll make the trap so enticing as to just leave it on exchanges, THAT is what they want you to do.
Bitcoin or Die. If you hold on an exchange you’re just keeping it warm for Uncle Sam, that I promise you.
There are no friends when the global monetary system resets.
The government as a living organism will cannabalize its constituents if that’s what it takes to survive. History assures me that these things are certain.