I've always supported the idea of letting people choose what they want to see. If moderators could tag posts with tags like 'spam', 'nsfw', 'graphicviolence', 'racistagainstraceX', etc... and if people could then choose what kinds of posts they want to see... and if anyone could be a moderator... and if people could then subscribe to only the moderators they trust... problem solved.
I just can't figure out how to make such a system scale. I've tried a few architectures but I'm still looking for the breakthrough to make it scale.
The problem today is if you don't like Twitter moderators you go to Mastodon or to Gab, and the community fractures into bubbles, and that drives people further apart. I think fixing moderation is going to be the next big thing.