From a user’s perspective, yes, but as an instance admin that’s also a DMCA nightmare.

That’s a great example of the eternal fight between mods and users that ultimately drives admins away: users feel entitled to post that stuff, and mods have to take it down. The user is anonymous and possibly from a country with very lax laws, so they’re protected. The admins have to pay for the servers with real money and their real identity, and thus also an easy target for lawyers.