In any case this move or a hard fork to create another token would be quite useless without knowing what Justin Sun has in mind, I think before taking any crass actions everyone should wait and see what happens on Friday, because if he spent all that money to buy Steemit he must already have his plan, which is the smart way to do things.

Yes, centralizing/controlling the Steem blockchain. This is Justin Sun's plan. Starting it by forcefully replacing the top 20 witnesses. I guess that Steemit and the Steem blockchain now have their own Mark Zuckerberg in the person of Justin Sun.