The United States of Reddit?

…we consider ourselves not just a company running a website where one can post links and discuss them, but the government of a new type of community. The role and responsibility of a government differs from that of a private corporation, in that it exercises restraint in the usage of its powers.

source 

All I can say is, "God help us all" I am not sure of much in the world, but I am 100% positive that allowing the mods at Reddit (or Wikipedia or 4chan or pick your site) to exercise any sort of actual governmental authority would be a recipe for disaster.