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In my opinion self-moderation should never be banned, and those people who want it to be banned should understand that they wont get any success in their negative intentions. The feature is unique and can be put into use in a very well manner by good posters, thread creators, and even managers of the forum. Any post that has self-moderation can make negative posters to run away from that post because they know very well that if they reply with useless responses on that post then they will be ignored by the OP, and their replies will be deleted without any question.
I will not say that everyone that voted against self-moderation has negative intentions. They are just exercising their right to suggestions.
Adding to the existing discussion, before you post in any self-moderated thread,
the forum has a way to notify you that such a thread is self-moderated. That if you do not wish to be moderated, consider not posting in the thread. I believe this settles the whole debate or argument. This is a free froum, if you want to moderate people, created a self-moderated thread. If you don't want to be moderated by anyone apart from moderators, avoid self moderated threads.