Yes, that’s the idea. If your neighbor wants to give you guns, they take them to an FFL and then you pick them up after the FFL runs your background check. Or the FFL can just store them. At no point should guns transfer between people without a record that is permanently kept.
And the problem with what you’re suggesting is if you give your guns to Billy Bob the terrorist, and he never tells anyone where he got them from then you aren’t even getting a knock at the door. There’s not even a case for you to defend yourself in. If you happen to have a particularly new gun which still has records then you can just say you “lost it” which is another loophole we need to fix. Losing a gun needs to be a crime that results in forfeiting the right to own guns.
This blasé attitude about guns for the sake of preventing a hypothetical tyrannical crack down needs to die and never be brought back.