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RE: Steemit flagging to reduce rewards, it's GREAT
Several of us have proposed changes such as this including breaking out the flag from the downvoting. So far the developers haven't seen fit to implement it but I do support the idea.
I would agree with this. I think a flag has the wrong connotations due to the name. A separate downvote would be less aggrieving (IMO). I have changed my opinion over time. We need to attract new users and retain them or we are all basically screwed and our investments of time and bitcoins will be worthless. Some pain in the short term may help us all out in the long term.