Main points: He plans to make moderators popularly elected to more easily vote them out.
Hopes the next frontier will be subreddits as businesses.
He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.
While undeniably shitty, how amazing would it be if after instituting popular voting on mods more subreddits voted to go private? Not likely but it is tempting
I feel one of the reasons many subs have not gone indefinitely dark is that the mods too are attached to their communities, and probably rightfully so. If they are going to get booted out, which may easily happen when you leave it up to the Reddit horde to decide, then they might just decide to shut down the sub.