The post says that moderation is first and foremost a signal-to-noise curation. Writing long form content in a Twitter thread greatly reduces the signal-to-noise ratio.
But also an example of how moderation or lack therein would help to serve a particular end goal. ex. HackerNews is a pretty well moderated forum, however sometimes the content (PC being related to technology) is within the rules, but the behavior it elicited in the other users is detrimental to the overall experience.