You pose some interesting questions for me.
I am not in favor of changing the system just yet.
To me what we are facing here has some similarity to an out of the blue financial attack in the real world.
We cant change the rules out there we need to work around them and solve the problem ourselves without looking to some authority to change the rules.
it would seem to me that it may be more useful not to change the rules.
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Thanks for your comment, @joe.public. I myself consider myself a lean startupper and as such I'm constantly observing and reactionarry in approach. Everything brings learnings, most definitely failures.
Interesting is also this:
I'm not changing the rules as such. I'm looking at integrating a more democratic system. Also because Steem Inc constantly refers to our democratic license. The change would be in order to protect. Just like every government has as task: to make sure its citizens can thrive.
I don't think we can do away with downvotes, nor should we. Google still combats spam on a daily basis, that despite hundreds of thousands of hours invested in it already. And even when that issue is solved, we still should have the possibility to downvote/flag/report.
Yet, the simple fact that money is involved changes the position, and role, of the flagger and their action.