The Crypto market was heading towards consolidation.
This can make Cryptos more relevant in "real world" acceptance.
By forming a strong front, Steemit, with its Social Media Platform & Token potential, could have drifted to nowhere once the bigger mainstream platforms stepped into the Crypto market.

Having other dynamic coins, some new entrepreneurial leadership and some drama/newsworthy excitement, may just be what Steemit requires to push it above the surface.

Also, it seemed with the suppressed prices (and staff being paid in Steem?), that those who were keeping everything together were being pushed to unreasonable limits, especially, since the staff purge.

The fact that the structure of Steem allowed for such a move to take it over, just answered the question I always had of "Who holds the keys to the castle?" - we are just tenants. Just some have bigger houses than others.

Keep Steeming!! Our content is our value. I hope the for positive changes & a step into the future.