OK you're really not getting this. There's effectively 0 friction because when you get to the point where when they want to take it you can not physically stop them. That is the physics of the situation You're right that before that point you can't know exactly how the theater of lawfare will be done. It doesn't matter. The way in a car crash it doesn't matter if your licence is up to date or if the other guy did an illegal turn. None of that changes physics There's enough compute right now to fuck up your network. Its order of magnitude more. When they attack bitcoin they physically cannot get an order of magnitude more of hash power. Do you see how one is a physical limitation and the other is just legal and economic. Those are not the same category of risk