I thing down votes could be effective if they weren't weighted. Just because you have a lot of money doesn't mean you should have the power to to ruin somebody because it doesn't fit your agenda. It doesn't mean you have the right to be a bully and it doesn't mean you are any smarter or fairer than someone who has a small amount of money. From the start of Steemit that power has been abused and has ruined countless individuals and groups by irresponsible actions due to an unfair advantage.

Having the power to affect others comes with a great responsibility and as we've seen through history those that hold power generally abuse it and that hasn't been any different here.