You appear to have a lot of faith in this proposal @tarazkp. I'd love to join in with you and others, but my reading of it just doesn't get me there ...
Having made it through one year (so presumably I can now speak from at least a little experience), the fact there is currently no effective remedy for victims of downvoting / flagging abuse is my #1 frustration.
I don't see anything in this proposal that changes this. Anyone who decides to "step out there" and downvote a (much) larger account still has nothing stopping the "return fire" downvoting potential which can (and does) drive them out of active participation ...
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I have faith that what is now can be improved upon a lot but standing by in fear is not doing much :)
At the moent there is no incentive to join in as not only does it turn the spotlight on, there is no economic incentive to do so. Incentivizing flags brings balance.
Okay @tarazkp. Fear is not the issue. I just don't see anything to stop the almost inevitable retribution steps ... Especially, as you say, given the ... uhhh ... "immaturity" you cite "in here."
Just one man's opinion. That said, I'll be quite happy to learn there is something I missed, if the "powers that be" decide to forge ahead into another "adventure" in HF'ing ...
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The thing is that it there is no incentive for anyone to stop the abuse now (at least as most see it) and this includes the abuse of downvoting. Most of the stake isn't held by bad actors, but most of the stake wants to earn on their stake, not downvote at a cost.
Yes, understood. But that doesn't do anything to address the huge disparity in SP between the ... uhhh ... "players."
When one of them tells another one (seriously) - "you're going to need a lot more than 400K SP, if you're going to have any effect" ... well, that certainly puts 99.9(9)% of our fellow Steemians out of the picture ...
Anyway, I hope you're suggesting the "big boys" might have an incentive to "show up," with this new scheme. We'll see! 😏