This is not praise. Reddit bans people for expressing widely held beliefs. Subreddit mods are required to enforce the site-wide rules regardless of the subreddit's own preferences.
As another commenter put it [1], the property that makes a decentralized social network desirable is actually that it's non-excludeable. There's no outside entity that can exclude people from the network. This is very similar to the core of what censorship is: there is a speaker and a listener who both want to communicate, but some third party prevents them.
What I would like from a social network is opt-in filtering, where you can choose some list of moderators whose decisions you trust, and subscribe to their block lists. But users should always have the final say on whose posts they view. If this new social network Meta is building puts users in control, it could be great.