As I understand "Power Down" means converting SteemPower (which determines influence) to Steem which can be sold or traded.
I don't know what is going on but ... If he were investing Steem in a project, wouldn't he have to power down to do so?
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All we know is that he’s powering down and your guess is as good as mine as to why. He’s the only one that can confirm what it’s for but so far, I don’t think he has said anything.