You are centralising the decision of what's good or bad in the hands of few people !== decentralisation !== good thing.
Do you mean upvoters or downvoters do it? Because in my opinion both, and dowvoters make it stable(more decentralized) now.
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I mean getting big accounts together to create flagging wars, does not sound like decentralisation to me.
The entire idea of delegation of power doesn't sound like decentralization to me.