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.