the issue is not (only) having distasteful content; the real issue is censoring links to content that embarrasses redditors, like the Gawker outing of the reddit creep, in a shockingly hypocritical display of a double standard.

you cannot "uphold the principles of free speech" by keeping creepy content under the "it's not illegal" moniker, and at the same time censor the outing of one of the moderators of said content - another perfectly legal action.