I'm a bit conflicted. Many of the witnesses in the 21-40 range are powering down massive amounts of steem. While I understand why, I'm not sure that makes them a good choice to vote for...
I'm a bit conflicted. Many of the witnesses in the 21-40 range are powering down massive amounts of steem. While I understand why, I'm not sure that makes them a good choice to vote for...
The amount of powered up steem should never be a reason for a witness vote in my views. Trust has nothing to do with their personal finances.
I'll respectfully disagree. While I agree 100% that personal finances shouldn't be a consideration, powering up or down steem is often about factors beyond that. Powering down steem shows a lack of long term commitment to the platform (my interpretation anyway).
It's a bit like voting for a CEO or company board member who is selling their stock in the company.
It's not the amount they have so much as what they are doing with it. Powering down, especially large amounts, signals they may be getting ready to get the hell out of Dodge so to speak. And like I said, I don't blame them, I'm just not sure that's where I want my witness vote (though I sure don't want it in the current top 20 either).
Witnesses have costs, they need to cover them somehow, we don't know how their living situation is outside of steem.
Also, power downs not automatically mean a divestment. I was in constant full power down for years.
is that so? I didn't check it before casting my vote. If it's true I personally think there's no reason to be voting them in the current situation. I have to double check them thanks
Like I said, I'm a bit conflicted. I don't really know why any one of them is powering down at any given moment but the fact that 80% or more of the top non-Tron witnesses seemed to be powering down a lot is a bit worrisome. At the end of the day, I think having non-Justin Sun controlled witnesses is more important so it's not affecting my voting for now.