As I've mentioned several times before, Justin Sun does not need the Steemit stake to execute a hostile takeover. He has Steemit.com and Poloniex, is buddies with CZ and generally influential and resourceful in the crypto space. Certainly orders of magnitudes more than us random yahoos that are Steem witnesses. If he wills it, TRC STEEM will become the defacto new STEEM. He has thus far chosen to prefer a peaceful solution, though now that witnesses have made a ostensibly hostile move, it'll be interesting to see whether he takes the high road or executes the hostile takeover.

This chain will be fine, of course, but it may or may not be the defacto STEEM chain going forward.