Proof is in the pudding. There's a reason we're talking about this here instead of on Reddit.

The mods are getting concessions (if they get anything--it's yet to be seen whether anything actually comes of any new promises) because the Reddit admins realize that they need the free labor. They don't need users, because they believe--rightly or wrongly--that nobody else can get enough market share fast enough to actually matter. People will give up on projects like Lemmy and begrudgingly eat whatever ad-friendly shit Huffman feeds them. The users are the product Reddit has to sell to its advertises, and they think they can always make more of those. Mods, on the other hand--those are part of the infrastructure, and they don't make money. They cost money. So Reddit really, really wants those mods to stay/come back and keep working for imaginary internet clout (and the occasional corporate bribe), and they'll pitch whatever lies they can think of to make that happen.

The worst future for Reddit is the one in which subreddits have to be moderated by actual paid employees--employees who do things like adopt statements of end users and expose Reddit to potential liability.