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RE: @freedom
yes and one whale upvote can do the same, the Power does give the right, he is the holder he can use it. Whales are whales, there was a whale experiment where whales were flagging whales to get the distribution more in favor of the smaller accounts. I'm not sure if it's still ongoing. Probably not. But whales have the most stake in the platform, so they should be working towards what is best for everybody since their stake will be worth less if they abuse it.
Actually from what I've seen, the power seems to be balanced toward the flag. The same whale upvoting doesn't seem to have the same reward gain on upvote compared to the reward drop on a flag.
I'm not into the technical details, curves or whatever, so I can't help here, in theory the flag is here only to stop collusive or sybil attacks s either groups voting for themselves or people doing the same. In theory :D