Has it ever been done before that the people are being punished for the actions of their government? Setting a dangerous precedent.

Bitcoin is useless for this kind of shit. They'll cut you off at the exchanges so you can't easily convert back and forth between fiats. Almost nobody is going to stand around in a parking lot to buy and sell crypto. Monero is really the only viable crypto and you still have trouble converting because not many exchanges will deal in it.

I get exchanges can limit use but Jesus, it's decentralized currency. If it's that easy to dick up, it's not the shit they claim it to be.