Every time that something like the unfriendly Steem take-over happens I must smile at my lack of imagination. Why do I need to see Binance and Huobi using customer's funds to hijack Steem - just to realize that the risk was there all the time and anytime. For me, this is not the end of Steem it is the end of DPOS. Will I be able to hone my anticipation skills? This is definitely a super helpful start.
I think you've hit the nail on the head. It's also the end of blind trust.