I delegate to quite a number of projects that I think have a lot of potential or do a lot of good on the Blockchain. Holozing is one of them. The thing I love about delegation is if you lose confidence, you can always pull it back. No penalty besides the three days.
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There's no risk to it as you say, and plenty to gain - a strong blockchain is what I want to see - and if everyone was to jump on board in whatever fashion they liked then it could only be good for the blockchain.
I've seen a couple people complain that rewards have went down due to so many people delegating away. Ultimately it's our stake to use how we want.