Last time I looked, Let's Encrypt had one big beefy Postgres database to issue pretty much every single TLS certificate on the Internet. Computers are fast.
Moderation as good as HN would require at least 3 costly staffers, fully loaded cost something like $30K-$250K each, fully loaded depending on where they live.
If doing HN were easy there would be a dozen awesome competitors.
Moderation is pretty much JUST dang.
HN DOES have competitors, lobste.rs is pretty much directly competing, and more importantly, this very concept of "simple board to post links and comment" was borrowed to build freaking REDDIT
I've written a bunch about this in the past: https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so.... If you (or anyone) read those explanations and end up still having a question which I haven't answered there, I'd like to know what it is.