I am not sure of the evidence but that would seem almost right.
Except for, for example a story I read where a couple lost their housing deposit due to a payment timing issue. They used a lawyer and were not doing anything “fancy” like buying via a holding company. They interacted with “buying a house”, so is this just tough shit because they interacted with X.
That sounds like the original Bitcoin “not your keys not your coin” kind of morality.
I don’t think I can figure out the steel man.