I think that the creators of STEEM will cash out and move onto another project if steemit.com and steem.io become known as nothing but a scam and the value of STEEM/SBD drops to nothing. Do I think those that have money invested will let that happen? ¯(ツ)/¯ I doubt it unless they are asleep at the wheel.
@transisto spends plenty of VP flagging bad behavior.
http://www.steemreports.com/outgoing-flags-info/?account=transisto&days=14
Why should he spend 100% of his VP flagging? Flagging has a cost that cannot be recovered where as upvoting gives someone curation rewards. There are accounts out there with a lot of VP that will not flag bad behavior. They expect everyone else to deal with it.
I'm grateful (most of the time) that @transisto is willing to flag posts that drain rewards from the pool.