I like the idea of a warning system before giving out downvotes, would make the system a bit more friendly, but after so many years I now think downvotes should be removed and illegal content should be dealt with at the front-end level, DV don't remove content. Instead of DV maybe a community note system like on X where users can vote on the community notes as well. It's really a dilemma.
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Completely without downvotes, HIVE would have a disgusting farming ehm trending page like STEEM.
I personally am not against downvotes altogether, but there should be ways to restrict abuse and personal harassment.