While I considered the situation dangerous, I was also of the opinion that no token swap would be in the cards for a very long time because nobody would agree to any such thing until the Steem blockchain would be fully replicated in functionality on the Tron blockchain. Migrating Steem to Tron would be a massive undertaking. Smart contracts on Tron are written in Solidity and only a few devs at Steemit, Inc know the code inside and out. Are those guys also well versed in Solidity? Not very likely. There is zero chance of Steem being migrated to Tron in the foreseeable future.

Therefore, I consider the decision to do the soft fork rash. Now there is a trust issue between Justin Sun and a supermajority of the current witnesses of Steem. I hope it can be resolved. But once Sun's stake is released, what exactly will prevent him from voting in a totally different set of witnesses at the drop of a hat?