In a way, its to cut down the rewards the user will get at the payout time. I guess in a way combats all the voting trials and one or two people can't lower down the amount by much.
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One reason for the downvote is to bring rewards inline with what they should be. Some crappy posts somehow end up with a den-worth of LEO when it's obvious it shouldn't have that much LEO, so the downvote can be made then. It's meant to be a way to restore or maintain balance rather than a way to punish.
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