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RE: What is property? Is it defined by consensus?
No, I don't consider it a threat.
I consider this entire situation a great lesson though.
When a handful of people can make a decision to change code and execute it without so much as a conversation...
That's an eye opener whether you made a great choice or not.
There was about 9 days of conversation among many top witnesses, token holders, and community members. I would have preferred it be done in the open and fully publicly, but many strong voices in that group said it could have created a situation which could only be responded to via hard fork which would have been much more severe (and something I've personally already said I would not support).
From my perspective, this is a temporary change until we determine the intentions of the Tron Foundation for that stake.
The memory of it being done will long out live the circumstances.
As I said, powerful real life lessons.
It's also possible the memory of token-elected witnesses coming together to take action to protect the chain is seen as an honorable thing worth celebrating and a demonstration that Steem and DPoS actually does have token-elected governance control of the chain instead of just rubber-stamping Steemit code deploys or rolling over if social contracts between Steemit, inc and their ninja mined, purposed stake isn't used as promised to the world.