I mean yeah it is a serious thing when one person has the money and power to make a power move like that but I just don't see how that is so much different than any other chain. If someone spent enough money even on a POW chain they could take it in a direction they wanted to and if they had enough friends running exchanges .....etc then the same would occur essentially.
Until we have more decentralized means of exchange like a good way to do Atomic Swaps or something then the weak points will always be at the exchanges.
STEEM has been an interesting experiment though and the premise of the SBD could have alleviated the need for the exchanges if it could have reached critical mass and continued to grow as an ecosystem.
I don't know what is going to happen but I'm personally surprised that more Witnesses haven't came to the conclusion that no one can really expect Justin to not launch a counter offensive if he just spent Millions and then suddenly all these people with less influence than him in the crypto world who have less stake in the game are trying to cut him off from the multi million dollar investment he just made.
I just wasn't the right way to go about it.
It is like throwing someone in jail because they might drink and drive when they were no where near a car or showing any intention of driving.