I think they would still allow community moderators for individual subreddit rules, just hire more people to enforce the site-wide rules and let the community mods focus on fostering their own communities. This is the ideal of course and Reddit is, well, Reddit so you might be correct.

Huge foreskin

Just don’t miss your stop!

And that’s if they’re lucky. There’s also a decent chance it will end up piled up on some foreign beach/riverbank to slowly leach into the ocean.