At the same time, good moderation is what made reddit what it is, if there weren't mods doing free work for reddit in 2009 it would be flooded with YouTube comments style of content since that's what low friction posting without moderation achieves.
What? Reddit owes their entire platform to their volunteer moderators and users who contribute content. Reddit the company adds almost nothing of value, the tech isn't exactly special -- if anything it's so bad as to be hindrance.