I can see how unwarranted self importance can happen, though.
One large site I modded was a guild site for a fairly large but now defunct and irrelevant World of Warcraft guild. (ALL game guild sites are sort of irrelevant... but I digress). The admin got this new PHPbb version that came with a yellow card and red card system to discipline folks that appeared right next to the poster's avatar.
I thought it would be hilarious to put a yellow card on a fairly prolific troll in the community.
Instead, I got demodded.
Nowadays I see the point. Drama, as long as there are no doxing or death threats or shitting up things Duelix style actually improves readership and activity. Should have just left alone but I was drunk, wanted a feel good moment after dealing with oppression and loneliness of living in a cheap shithole working a shitty job in a shitty city with no friends because I had to evacuate New Orleans because of Katrina and had no possessions.
I understand being pissed at first. it was almost like I lost my dog. I felt that I was a Big Deal ™, and by not having e-power in my large social raiding world ranked 70 guild on some backwater now-dead WoW server, I was somehow lesser of a person. It's easy to do if you are miserable and life is fucked and the only power and illusionary respect you have is a position on a site with active members.
Then I realized I should be doing something to actually make money and get laid...
So, next time I want to show my ass I can do it IRL over the Heineken instead of cheap Busch 24s and actually have real friends and get actually laid.
Which I did.
As far as modding again...
Call me when I can get some passive income like lowtax from Something Awful or Boubille from MMO Champion. Even then, those are not mods, they are admins which actually requires more PHP knowlege that navigating to a merge, ban, group permission, or forum group creation interface. And, server money.
or if it is just a ceremonial position like I am a local expert in a hobby I enjoy and actually share information and stuff or something and I do not have to do actual online janitorial work for free...