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.
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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.