There is a big and meaningful difference between being able to freeze bank accounts at scale without violence and only with the cooperation of a centralized fin

There is a big and meaningful difference between being able to freeze bank accounts at scale without violence and only with the cooperation of a centralized finance institution, versus having to physically torture each account owner to get what they want one by one. A government would have to be substantially more evil and use vastly more resources to do the later. And there is a second order chilling effect in the former, where even if a government does not seize asserts, the threat of it will make citizens think about their words.