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Since I'm just a stakeholder who doesn't hold any official technical, policing, mediation/dispute resolution position, nor run a community, my hive activity is limited to exactly what I decide do with my valuable time and resources: engaging with a few of my readers and consuming a few other blogs.
Every stake holder is responsible for downvoting and protecting their investment. Rewards are a community consensus, not a witness decision. If you read the original white paper, it specifically mentions a crab bucket where community members are responsible for bad actors from getting out of hand. I recommend reading it.
I'm not going to go in circles about this though. You are free to think what you want.
RE: Is Hive Watcher's doing a good job?