I think that Justin's poor communication and misleading statements caused the panic that ended up with the soft fork. He should have managed the transition much better.

The witnesses acted to protect the decentralization and security of steem because they saw it threatened by Justin's statements. It was clearly communicated though that it was a temporary measure until he clarified his intentions. Sure, quite aggressive and Justin's point of view is somehow understandable.

I agree with you that there is no legal document so it would not stand in court. I think that from a legal perspective Justin is in favor. The real a**hole in all this is Ned.

I think the exchanges didn't even fully understand what was happening. Or maybe they did and after getting all the steam changed their mind.

I'm not sure where I stand, I understand both sides but would like to see the elected witnesses to keep governing the chain. Justin should still help steem grow to make a profit out of it. Not easy to predict what will happen though..