This is not true, because if so Reddit’s and their subreddits would have a very different history.
And as another user pointed out, the research shows that a dislike button actually creates MORE engagement and content, not less.
My point is that this is the human mind on the internet; most human beings have no clue about how they work, what their hidden biases are, and what assumptions and fantasies they carry to deal with the world.
When those heuristics are treated to a system that assumes their best behavior, it will fail to our more regular, normal behavior.