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One of the things I value in HN today is the top-level moderation. Are you saying that wouldn't work anymore and this new community would operate purely on self-moderation instead?

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Yeah, but that's just a thought. Have a look at Kleros https://blog.kleros.io/become-a-juror-blockchain-dispute-res..., they are building a "Dispute Resolution Layer". Something on these lines should work, I think.

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