I use moderation as a gauge of credibility.
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Moderation of a thread is for weak-ass losers IMHO.
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censorship
Every reasonably advanced thread is indistinguishable from magic, and therefore attracts non-intelligence and trolls like a honeypot. Letting them destroy the vestiges of readable discussion that might once have existed, is your holy commission.

Bet you don't even have a thread as you seem not to care about your readers even that much

Maybe it's just me, but I don't have much difficulty identifying bozos and simply ignoring their stuff in-line without the help of censorship or ignore lists. Indeed, skimming their stuff sometimes to keep tabs on the various sides of an argument. Certain people (e.g., justusranvier and cypherdoc)
command a reasonably sized flock because they have chosen a particular angle and tuned their techniques appropriately. Skimming some of their stuff can shed some light on the disposition of a reasonable number of followers in the ecosystem and it can be done with efficiency.
you know you're in that flock, you know.