Sorry to be that kind of persistent but I thought about that topic a bit more and took a deeper look and I could not find any places but the icon on the blog post and the button inside the composer that differs a moderator from a common registered user.
I found two places where the moderation rights are visible and usable as a moderator:
Okay, it is in german, but probably you recognize these buttons. If I could remove the buttons on the first image, except the one that is for editing and remove all buttons on the second image except the 'make it to moderation' button, it would be editable by any user without them being able to make edits instantly available or even delete anything.
My questions now are, does it have any sideeffects inside the backend for me as an admin, if I remove these things? At a first glance, I could not see any. And in addition where are additional places where being a moderator takes effects except the images I made? Did I forgot anything? And very important, in which file do I need to remove the lines for the links of the first image, because I can not remove them with css. When I could find the option to stop sending emails for moderation, EasyBlog would work like a wiki with a way better template system for new entries and a much better look and feel.
In my opinion a great addition to a great component! Perhaps I can inspire you a little bit about what could be made out of EasyBlog instead of a blog.