As someone who's been using decentralized platforms since steemit, I wish the downvote option would be done away with. I understand why it exists, but it is a very unfair advantage if you're a teeny weeny little fish. I've seen some great bloggers take massive hits even on hive very recently because some whale felt their payouts were just too big for the content. in a way that's a form of censorship since it can actually discourage people from posting. Fortunately it's never happened to me and I personally would never click that button knowing that I have virtually no power here and I could be eaten alive by just one whale. If it were up to me there would be no downvote but there would be a way to block an account if you didn't wish to have interaction or see their content. Just my 2 cents.
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Spam vs free speach. Think there are a few behaviours for what downvotes are a good thing. Tagging in thousands is spam, not free speach and should IMHO be flagged down to zero, and on repeat behaviour, below.
What I do think is that we need a checkbox for safe downvoting. Downvoting cuts in reputation as well as earnings. We should have an option for earnings only downvotes I think. Reserve the deep cutting downvotes for repeat offenders.