I've been thinking on this a lot.
Basically we are searching for the sustainable middle ground.
Correct me if I'm wrong, but it seems like this is the model that hubski is based on, where each of our feeds is curated and censored as much or as little as we choose it to be.The interesting thing about an entirely decentralized media platform is that you can have clients that choose to curate, police, and censor and clients that choose not to. Twitter, as originally architected, could have headed down this path. But for many reasons, reasons I supported to be clear, it chose not to.
In the sense that we use user-based moderation, yes. However, Wilson is talking about a service that has no central server(s), and as such, there would be no control whatsoever about what kind of content was posted in the global feed. That is, child porn and other content that most centralized services would not host would be part of the aggregate data in such a service. While most users would opt to filter such content out of their own view, their client would contribute to the hosting of it.
Have you read this blog post by Ryan Charles? He was working on this at Reddit for a short time. I am very interested in this.