Seems like this legal construct is very inefficient at "seizing" bitcoins. Bitcoin is a bearer asset like no other. A house, cash, your gold stash, etc., when

Seems like this legal construct is very inefficient at "seizing" bitcoins. Bitcoin is a bearer asset like no other. A house, cash, your gold stash, etc., when "seized", can be used by the state without consulting you once you are put in a hole (rightfully or not). The state has to adapt to this kind of new asset. The closest that existed before was burying your tangible assets somewhere without anybody knowing about it. But this is just not feasible for many assets obviously, and still very cumbersome when you want to use them. With Bitcoin you just need to generate private keys offline properly to achieve the same purpose.