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RE: Will there be moderation on steemit content?
Well, I don't know how these things will affect illegal content, but I can tell you this. Trolls will always find the path of least resistance. If you make a tougher way to login, they will find a way through it. Identification through SMS? They will find a way through it. A troll's determination is not easily measured. If they want to crack a site you just usually want to stay out of their way and not give them the light of day.
Im not saying it wouldn't happen. It just wouldn't be as rampant. If the users of the site were eager to offer up their "credentials". I'm plugging my own post inspired by this conversation.
https://steemit.com/steemit/@clevecross/identity-verification-thoughts