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dang doesn't control whether stories are flagged; the HN community--specifically those with a certain karma level--do.

I wish we could counter-flag a story. Or maybe some people can, and I don't have enough karma.

In any case, the mods can manually un-flag a story that they think has been erroneously flagged.

You have far more karma than required to vouch for a flagged post.

I don't see an equivalent button for the thread, just for individual posts.