I wasn't speaking against paying moderators, just saying that even voluntary moderation would be better than the status quo for a lot of communities (it's insane how much work people will give for free in exchange for some random internet points, see Stack Exchange for an example).

There are a lot of people out there who would be happy to work for free to help their community out; forums used to work like that before being made mostly irrelevant by the social media garbage. If you consider that a problem then it's not for you and that's okay. (I wouldn't do it full time either now that I have a job, but back in my teenage years I had lots of free time that I was happy to donate for free, and indeed my Stack Exchange account's reputation - useless internet points - is a testimony to that.)

Paying people means the company needs to put in a significant amount of resources (technical, legal and staff) to manage that, something companies might not want to invest in (at least not right now). Random internet points is at least a stop-gap solution to let the community manage moderation without much investment nor management from the company, and would definitely be a good upgrade from the status-quo.

As a counterpoint, for people having their community's best interests at heard, being paid might actually be a downgrade. I contributed to Stack Exchange years ago for free because I liked to help people and help the community I was part of. I did so on my own time and terms. Being paid would've meant I now had a duty to do it and I couldn't for example decide that I wasn't in the mood to contribute one evening because it was now a job. The other issue is that being paid means you have the company's best interests at heart instead of the community, and those might not align. It's easy to break rules or "look the other way" for the sake of the community when you're a volunteer, less so when your paycheck depends on it.