You said it all...i have said severally here, the flagging needs to be 'power to all'. With the way it is, most people especially minnows and dolphins are scared to even against the opinion of a whale no matter how controversial or untrue they feel it is...fear of been flagged to extinction is the beginning of wisdom.
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True. Making sure upvote/downvote effect especially on the REP requires the consent and participation of the majority, rather than some individual you have disagreed with would go a long way in moderating the negative side of steemit. And allow minnows and dolphins to somewhat have a strong say on daily matters, without the fear of reprisal.