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You need 125 rep to be able to cast a down vote (votes for people and anonymous users with less than 125 are recorded in an anonymous votes table ( for example, http://data.stackexchange.com/stackoverflow/query/209365/ano... ).
Hacker News has down votes too... and you can't down vote until you get a certain amount of karma.
The rep lost from down votes are an investment in site quality that you get back if the post is deleted.
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You need 125 rep to be able to cast a down vote (votes for people and anonymous users with less than 125 are recorded in an anonymous votes table ( for example, http://data.stackexchange.com/stackoverflow/query/209365/ano... ).
Hacker News has down votes too... and you can't down vote until you get a certain amount of karma.
The rep lost from down votes are an investment in site quality that you get back if the post is deleted.