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There already is a downvote button, it's called flagging.

Good to know. Looks like I've got some work to do.

I have some ideas on better means to an end for downvoting but steemit isn't ready for them yet.

I would be very interested to hear your thoughts on that. I think steemit may be more ready for it than you realize.

So THAT is what people mean when they say downvote here?

To me flagging and downvoting are kind of different

They are the same thing on steem it.