I think the risk of down-voting is the retaliation. If a 1M SP holder retaliate against 10K SP holder due to downvoting, it will be devastating for the small SP holders. Therefore, it should be an account like @steemcleaners and should have more than 1-5M SP so that retaliation could not have significant effect. Moreover, in some cases recognizing a blatant self/proxy-voter such as @grumpycat is not a controversial issue, it is quite evident as spamming. Similarly, self/proxy voter can always petition if they think they are unfairly treated (which I believe they will never do). Now how to make such fund is a big issue, few whales and wealthy dolphins can delegate or delegation can come from Steemit Inc.
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