Powering down means changing "Steem Power"into "Steem.
So, if a whale is powering down, this means there will be a huge amount of liquid Steem back on the market. Liquid steem can be easily converted back into other cryptocurrencies or fiat.
When a 'regular' user is powering down, it often means that he's cashing out the profits he made on SteemIt.
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I personally believe it's not such a big deal. At least for the moment. The platform is still working, moving on and further towards the future of social medias and technology. Let's trust the team that enabled us, more than 1/2 a million users, to share, discuss and discover on a platform that pays us for it. A lot of other platforms and teams have done weirder stuff than this. Let's wait and see how it goes. But it does seem like they might be powering down to power up their second account called @steemit2, who's been transferring to other accounts such as @misterdelegation or @alpha...
But I do follow OP, @mike314-0005, when he says that full transparency is a requirement, especially for platforms and markets where trust IS the foundation to ALL value created and distributed.
Liquid steem can also be sold/traded to others, so it could be an attempt to decentralize voting power a bit more right?
Or maybe they just want a Tesla Roadster and need to pay for it. :)
lol
Awwww gotcha thanks buddy. Steem Power is the "influence" aspect.