In the early days HN felt absolutely hardcore to me. Comments were clearly part of an extended (or future) Y-Combinator application (and last time I checked, the Y-Combinator application form is still asking for your HN account) and there was absolutely no bullshit.
This was particularly clear in discussions about games - they were strictly about the technical or sociological aspects, no one would ever admit to playing (everyone's working on their starup, right?). I remember the first tentative comments from the player's perspective being scoffed at, and even today I feel a little dirty in those EVE online threads, heh.
Point is, knowing that "pg" was watching has always ensured a high quality of comments, and indirectly made HN the place to be.