There are no down votes in Steemit, only up votes and flagging. Flags are used for a very specific reason and that is denoting the breaking of community rules and social consensus, not a dislike of subject matter.
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Yeah... but in reality it is used many times to redistribute the share of total rewards between posts... It is their right to use their voting power to do it... it is their investment... and if they want to protect it like this, they have all the rights to do it...
If one post gets smashed by a whale downvote, all the rest of posts instantly earn more money... could be your post earning more money.
The answer here ( assuming over valued posts is a problem) is to educate the market. They will do what is in their best interest. I the market perceives that things are too unfair, though actions like the one in question, they will eventually create compassion. Not to the whales best interest. Most of the whales understand that. Before you came the whales had a very pretty empty shell which produced zero.
I don't know, if I don't like a post I just ignore it, being negative isn't going to take us anywhere.
What is this downvote thing you talk about?
There is no downvote, only FLAGGING - and there are rules for flagging, you asshole.