the change is a fine idea, but the change to moderator is completely different
Okay then, what do you suggest it's changed to?
Moderator seems like a good fit.
Moderate - /Verb/ to reduce the excessiveness of; make less violent, severe, intense, or rigorous.
Isn't this what VIP's do?
Nope, because a true mod wouldn't need the lower ranks to vote to moderate.
Everyone seems to confuse this for the group (Moderator). The only point there would be to change the name, is to better discern the different between a VIP and a Regular. The first thing that would come to anyones mind is a Donor.
It's not a big issue, it's just something that can be done to help newcomers.
And as said before, this was only a light suggestion, and there seems to be a lot of mixed opinions.