In the days of the good old internet pre social networks and big tech that so many people are nostalgic about, folks mostly communicated using internet forums that were mostly moderated by enthusiasts.
This whole thing strikes me as an attempt to have your cake and eat it to. Trying to recreate the vibes of the old school web that was largely ran by enthusiasts for enthusiasts while actually running it the way a big corp or a VC-funded startup would.
I think that this is a little bit hypocritical.