I have seen several posts regarding the same topic, so-called Whale Experiment. Personally, I have divided opinion about it. One thinking it might work. The other one haveing some more or less logical concerns. However, time will show.
But, what concerns me more than this on this platform is misusage of voting power. As first, we have only two options here: to vote (or not to vote) and to flag.
True downvote or dislike, in fact, doesn't exist!
From my understanding, to vote for something should be giving some kind of a reward to the author for something he/she published and we liked it for some reason.
As we don't have an actual option for downvote or dislike the only thing we can do in that case is not to vote and/or eventually post our comment explaining why we don't like it or disagree (what comments, on the other hand, may be counter-productive by giving that same thing we don't like more exposure through higher and longer activity on the same post).
Last, but certainly not the least, we have flagging.
From my understandings, this one should be used for the content that is violent, abusive or infringing.
But, it seems to me, some users (accounts) are misusing this option or simply don't understand it, using it as downvote or dislike "button".
Having that in mind, running an experiment in which accounts in whales category (meaning, with huge power and impact) would be put on hold for (up)voting, while at the same time those whales accounts would flag around, left and right - this experiment, from my point of view doesn't have the slightest chance!
I think most of your comment makes totally sense but you are relating all that to content - however this platform is driven by investors which have a natural interested in increasing their invest - hence content is a great to have but good content is not necessarily the one that gets the highest rewards.
I'm divided on the matter as well to some degrees. The "flagging" option is more than just flagging and also serves as a down vote function.
On one hand people may use these options however they so choose. On the other hand there does appear to be some consequences of certain use cases. Hopefully we may find solutions that will help to minimize such consequences and better learn to make the best of things together.
As it seems, and according to the post I just came across it wasn't just a "certain use cases" - it was another "experiment" or even almost the whole flagging movement!