Every single time people want to have an unmoderated, unchecked space, it's because they — you — want to be able to air your most unsavoury opinions with impunity.
Exactly!
Then come the Nazis, then come the CSAM, the decapitation videos, the harassment and doxxing, and so on until some part of it passes your personal line in the sand for what's acceptable.
That would be up to the server owner (Moderation). There's nothing wrong with decapitation videos.
Then all of a sudden it's "Wah wah, mommy give me moderation". It's the same for all this freeze peach crap.
There's already moderation built into this.