Moderators don’t own the community, but they own the community address - they have absolute control over it and can set the rules. If the community don’t like that, they’re free to move to a new address and make their own, with blackjack and hookers, etc.

The admin owns the instance, which in turn can overrule the moderators. If the community don’t like that, they’re free to move to a new instance, with blackjack and hookers, etc.

Basically the whole system was set up so everyone will eventually have blackjack and hookers.