It's a great system - you occasionally see someone pause momentarily to check that everyone in the group has a sticker before saying "well, that was a clusterfuck wasn't it".
Usually I would be more openly critical if someone is more experienced.
That said, I’ve also learned a lot from giving misguided criticism on PRs. I’d point out something I thought was wrong and the author would come back to me and point out some misunderstanding I had. This sort of work environment is one that naturally maximises personal development, and eliminates a lot of the anxiety people have about making mistakes at work. It takes a lot of continuous effort, but imo developing that sort of culture is far more valuable in the long run than developing social conventions around sugar coating criticism.