What you wrote is mostly true, but I want to mention a few things:
1.) The fork wasn't proposed by witnesses but rather by @almostdigital with the simple goal to make a statement and to see how Steemit Inc would react. While it was prob. not the best way to do this, somehow it worked and there was a reaction. But essentially no witnesses were simply going to run a version that would remove Steemit Incs stake - however, I can very much understand that ned saw it that way and thus the power-down.
2.) While Steemit Inc has produced some value out of the funds they've sold, much of it has either not been delivered or is not announced yet (destiny, something else?). And simply said: Steem as a blockchain technology is currently lacking behind. If we want to get back into the TOP 20, this has to change.
Essentially, the biggest problem many of the stakeholders have is that the immense sell-pressure the automatic selling of STEEM from Steemit Inc does is acting negatively on the price and what came out of that selling is not enough.
Thanks for the clarification :)
I don't think I wrote that witnesses proposed the fork (more an ex-employee), and certainly didn't wish to make it seem that that was the case.
The selling seems to be required for them to help cover costs, a bit what I've been doing at times to buy food. I'm ok with that, and just hope that this selling pressure is still around when I start earning fiat again so I can get my ass to 50k!
Cheers Wolf!