I see this as a test - the moment of truth if you like - for Steem. Hell, even for the entire crypto currency universe.
What happens to Steemit Inc is more or less irrelevant. What really counts is, what happens to the Steem. Not the Steem value, that went up or down all the time. But the question is, can the Steem get touched. Can it get disolved, or can holders get forced to change it into some other coin?
If the answer is "yes", the whole talking about the safety of cryptos, store of value, untouchable by decentralisation, and so on, is exposed as a lot of BS.
I know a number of people who believe in Steem and who have invested a lot of their own money, unlike me. It would be very annoying to see them lose their investment.
And as I said, it would cast a very bad light on to the entire crypto world.