Grouping code by indentation - feature or ******?

[Tim Tyler]

What do you guys think about Python's grouping of code via indentation?

Is it good - perhaps because it saves space and eliminates keypresses?

Or is it bad - perhaps because it makes program flow dependent on 
invisible, and unpronouncable characters - and results in more
manual alignment issues by preventing code formatters from managing
indentation?

Python is certainly pretty unorthodox in this area.

How would you have dealt with the issue of how to group statements?
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