You're confusing moderation with censorship. Censorship is when governments tell Twitter to silence people, this went up by 66% under Musk if you can read the link I posted (try reading something longer than a tweet, you might learn something). Less moderation means people can say slurs, post deepfakes of children, and make the place an extremely hostile environment filled with racists, slanderers, bots, disinformation campaigns, and conspiracy nutjobs, which you seem enthused about.
Maybe you don't know about the Grok deepfake story because you don't see far outside your filter bubble: https://en.wikipedia.org/wiki/Grok_sexual_deepfake_scandal