I wonder why this has not been fixed and better *enforced*: you can't vote if you don't post regularly at a positive level, and you can't vote if you don't meta-mod regularly as well.
The least cynical explanation I can come up with is that the owners can't figure out the code.
The middle explanation is that they benefit from the bad moderation which causes more posts and more impressions.
The highly cynical explanation is that the staff benefits from bad moderation hiding THEIR bad moderation, because they are acting in bad faith.
No knowing which of these it is, and there's no trusting cryptocurrency hawks even if they made a statement.