I wonder though, maybe trolls and pirates don't really care about flags. Trolls troll to troll, who's to say they don't have a real account somewhere that's well behaved, but they use these proxy accounts to do their dirty work?

And pirates... pirates can post links to files, plagiarize etc.. all in the name of making content available. People will always have access to it, just by clicking the show button. They don't think twice about rep/value etc..

The flag looks like it's gonna hurt real users more than the intended target. Again, if someone gets pissy, they'll use a proxy account to express their anger, trollery, not their real account (which they may execute caution before using it to speak).

The flag needs to be recoded and require maybe hundreds of users to click flag before it takes effect. Whales can probably keep their large inflence with upvoting, but flagging should require the collective effort. If you see a Disney film uploaded, identify it with the community and everyone can go kick it off the site to prevent some lawsuit drama. Community effort for cleanup instead of just 1 user.