RE: Why Did We Choose This Path?
I think the witnesses got complacent and didn't fully understand the influence Justin Sun holds - as you correctly point out, he's a top crypto figure. I had been warning everyone since the announcement that he owns Poloniex and is in bed with Binance. A lot of Steemians will retroactively argue that, "See! This is why they did it!", but that makes no sense. I don't believe much of what Justin Sun says, but I do believe him when he says he has no interest in governance and only did this to defend his assets.
Witnesses will also argue that it was a defensive move, but censoring millions of dollars worth of fairly purchased assets is as aggressive as it gets, temporary or not.
In the end, what should have really happened is a diplomatic agreement between the witnesses, stakeholders and Justin Sun. Instead, the witnesses fired shots first, and now we have war.
To be clear, Justin Sun's ( and exchanges') methods have been absoutely despicable, but the dude probably spent a couple dozen million, you can totally see why he would fight tooth and nail to get it back.
The best case scenario right now is to release Justin's 75 million with an emergency hard fork with a fast power down, he will have no reason to bother with Steem after that. The price is going to be suppressed in the medium term, but it'll finally lift the shadow over the ninja-mine long term.