@steemchiller, this is very disappointing! What's that, newbie's talk?
The Steem DECENTRALIZED blockchain worked exactly like it was supposed to... with the consent of the community.
In fact, at any time community could've voted out witnesses with a conduct contrary to the principles of this blockchain.
But this did not happen and indeed they have had a greater consensus from the Steem Community to the detriment of those who tried a hostile takeover.