So I can issue frivolous DMCA complaints against, say, YCombinator, and by law it has to be taken down until a counterclaim or X amount of time has passed, putting the onus of responsibility on innocent people? And as long as I'm actually the rightsholder, government will do nothing to address bad faith claims? The standard for proof is practically impossible, and you don't need a valid claim to negatively impact innocent people.

It's a law that has no business existing; I'd argue the moral solution is to simply not honor it. We need to push back against copyright and IP in its entirety because it's clearly not serving its purpose if you can just cancel some random guy's project because you don't like it.