We are 13 years on from bitcoins inception, and we are on a tech board, how this is still not clear to people boggles me.
There is literally a meme about this my man. It’s called I lost my wallet in a boating accident lol.
Also, that’s why Bitcoin is different than “crypto”. The first thing you hear when you buy Bitcoin, “not your keys, not your coins”.
The point is not to eradicate the law, the point is to make it difficult to freeze 1000 people accounts than pushing a button. It will make people think about other solutions than stealing people money.
People mostly don't bother with any of this right now because it hasn't been a real threat.