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RE: Reminder, GrumpyCompliance in 7 days + Look who's buying votes on his 6 days old posts.
I think the formula should be adjusted to make it profitable to flag spam content. An idea could to be to have a separate flag and down-vote button? At minimum, it should be a break even for flagging so accounts don't lose their voting power when they flag.
It will only be profitable to flag bad content when the community gets behind it. Not only whales should be rewarded for policing the block chain but users at all echelons of power. Consider checking out the Steem flag rewards project.
https://steemit.com/abuse/@steemflagrewards/steem-flag-rewards-pilot-fighting-blockchain-abuse