Yep, I think that's right. Even if reddit, its company, and its moderators were all perfect, it might still crumble and become awful under the weight of its popularity. Too many bad actors, too many companies astroturfing, not enough monetization to solve these problems. And of course the site, the company, and the moderators are far from perfect.
replyHackernews is even worse
replyThat's unquestionably incorrect, although I would agree that HN is declining in quality as its user base balloons in size (this would be the bigger contributor) and as general disenfranchisement with tech companies rises. (this would be a smaller, but still-noticeable contributor)
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