I like your suggestion that the community will take care of things as a whole by means of downvoting.. or say a warning at first.

One other reason why I am against moderation is the question of who would do it. Coming back to my job and taking a look at who "runs" the unions and groups, its usually those who spend a lot of time and effort on "moderating" and (self)promoting instead of creating a better (art)work.

Your words are encouraging though, and I hope the communities as a whole will respond to all that. Yes, it will be very interesting!