Not your keys not your Bitcoin It's never your bitcoin even if you do have the key. It's not possible to take possession of a bitcoin. Just like cloud computing, your shitcoin resides in the virtual cloud and you have to pay a ransom fee and ask permission to a transaction validator if he will allow you to do anything with it. The fact coins are non-fungible, transaction validators are designed to centralize, and transaction validators have the ability to blacklist funds, means the system is nothing but a permissioned ledger, Orwellian piece of garbage similar to the Chinese social credit score system.
This is why the kikes in congress said they will attempt to ban any 'anonymous' craptocurrency. They know non-fungible coins always lead to their dystopian slave coin goal while fungible ones are just like deleting AML/KYC. Fungible coins will still be a dystopia anyway, just not as big of one. It will still centralize into a tiny amount of mining pools the bankers/govt will take control of and take a cut out of every transaction to make themselves permanently richer than everyone else. It's no different than collecting a steady stream of interest.
Is it illegal to hold gold bullion?
Yes, in this country, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.
So, what's the problem that they ban owning gold again? Yeah, that might ban owning cryptocurrencies too, but which is easier to find? Gold in physical form or cryptos?
Can the government seize gold?
Gold Confiscation. ... Under current federal law, gold bullion can be confiscated by the federal government in times of national crisis. As collectibles, rare coins do not fall within the provisions permitting confiscation. No federal law or Treasury department regulation supports these contentions.
So, what's the problem that they confiscate your gold?
Did Roosevelt confiscated all gold?
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".
What's the problem for that to happen again?
The problem in the modern world today at least for me is how to protect your assets from the thieves called Government. For me, the most important thing is which asset in the world is hardest to track and seize. Years ago when I was younger I was a fan of Bitcoin because I could not truly understand that the technology behind it does not make it truly anonymous and that some of the reasons stated by you are valid. Now I'm a fan of Monero for the reasons stated above.