So, what is to stop someone from uploading illegal material, such as child porn or even copyrighted music, and then reporting nodes for hosting and distributing illegal content?
Maybe they have or will have a flag system? Where reported content gets reviewer/removed?
Or just pewpew.

is that what everyone is about now?, uploading every illegal material out there!
Of course a flag system will be put in place, just like every other file hosting service.