In my last post, I was referring to the original idea of the badge reporter: getting a badge after X good reports. I can't see Theymos doing it manually 
He could delegate the final approval of badges to mods who handle those reports anyway and know if the 5000 reports were useful or some fluff to pad the stats. Yeah, I know it's not decentralized and whatnot but still would be better than nothing IMO. And mods could ask the user before approving a badge so that would take care of privacy issues.