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RE: Indonesia's day of reckoning
Unless they blacklist specific sites, in this case Steemit, people will still be able to continue using the platform(s). If the government decides to so, tor browser or a vpn could fix the problem easily. It might turn off some people out of fear for the consequences by their government, but where's a will there is a way, and this blockchain technology is their way to independency and freedom (for that matter the whole world). IMHO this thing ain't gonna be pushed away by any regulation, restriction, or fear mongering tactics. Blockchain is gonna change the world! ^.^
The problem is that the entire ecosystem of a nation prohibits you from ever owning crypto. It will likely proliferate under P2P trading instead of central point exchanges much like how Localbitcoins continues to have very high volume in China.
P2P trading is just what we need. Ignoring this new technology now by banning it will only be a bigger blow in the face for the government. The more you force something upon someone, the more that someone is feeling the need to push back (if not fallen into fear).
While it's a horrible thing that Indonesia has banned cryptocurrencies, there is a beauty to all of this in the thought that.... the only ideas worth standing up against. The only ideas worth banning or rejecting.... are the ideas that can actually cause some real damn change.
So true. Actually I see a lot of different things changing in the world already, but blockchain technology is such a fundamental one. Which will help other suppressed technologies and ideas being implemented into the world.