Thanks for this interesting post.
And if we talking war.... What do you think about flag-war? What if banksters buy a STEEM-whale to flag-out any popular texts like this? They have more than enough (free, fake) money to buy as much steem as they whant to do this. And then we will have a censorship!
I believe we must get reed of the ability to flag. Yes you may say "it's a weapon to protect us", but who will protect us when the weapon will be used by aggressively? If you cannot attack anyone, it will be peace (no choice). If you can - will be war (always!). There is a proverb in Russia: "Worst peace is better than a best war".
It will not be true censorship. People can build their own front-end to the STEEM blockchain and view the content that is there, regardless of flags. Also, SMTs will allow for Oracles who will determine who can and can not participate in the rewards pool for that token.
If they buy up a lot of STEEM, the value of all existing Steem Power holders accounts goes up. Bring it on. :)
I agree, worst peace is better than best war, but I also disagree that all downvotes are part of a "flag war". From a technical perspective, a downvote is the same thing is giving a slight upvote to every other post on the platform. Abuse happens often and flags/downvotes are needed to increase the real value created by real authors.