ATProto's Stacked Moderation is an interesting approach to combine platform, community, and user level choices
https://bsky.social/about/blog/03-12-2024-stackable-moderati...
I think they do quite well considering the disparate resource levels, but some servers are effectively unmoderated while others are very comfortable; plenty are racist or other types of bigot friendly, but the infrastructure for server-level blocks is ad-hoc. Yet it still seems to work better than you'd guess.
Decentralization means whomever runs the server could be great, could just not be good at running a server, could be a religious fundamentalist, a literal cop, a literal communist, a literal nazi, etc etc. And all have different ideas of what needs moderating. There is no mechanism to enforce that "fediverse wide" other than ad-hoc efforts on top of the system.
It is perhaps also worth noting that the Fediverse architecture does nothing to remove racists or bigots from the possibility of being found in the "fediverse" (here referring to the collection of all servers using the protocol and not the protocol itself), and... That's pretty much as-intended. Truth Social uses Mastodon as its backend; there is nothing the creators / maintainers of Mastodon could, or by design would, do to shut it off. The same architecture that makes it fundamentally impossible for Nazis to shut down a gay-friendly node makes it impossible for other people to shut down a Nazi node; there is merely the ability of each node to shield its users from the other.
That's a feature of the experiment, not a bug, and reasonable people have various opinions on that aspect of it.
Because, if it's purely about filtering out content not desired by users, it could be nearly trivially done at the edge, automatic and completely de-humanized, and the word as appearing lately doesn't read that way to me.