arXiv has 200 expert moderators spread through different fields to filter out papers that are blatantly misleading, unoriginal, non-substantive, or in need of significant review and revision. It's not a peer-review, but it's not a complete free-for-all either.
It's a complete-free-for-all.
arXiv moderators do not judge the technical content. They don't filter misleading submissions. They don't filter work in need of revision. This is literally described on the arXiv website: https://arxiv.org/help/moderation "What policies guide moderation before public announcement? "
They filter spammers, check for total obvious nutjobs ("My grilled cheese said P=NP"), for crazy formatting, for blatant copyright violations.
Publishing junk on arXiv is trivial if you're not too crazy and know a little bit how to use the right words. You can publish anything.
The page you're linking backs up what I've listed. The third subheader in that section for example:
> A submission may be declined if the moderators determine it lacks originality, novelty, or significance.
> Submissions that do not contain original or substantive research, including undergraduate research, course projects, and research proposals, news, or information about political causes (even those with potential special interest to the academic community) may be declined.
> Papers that contain inflammatory or fictitious content, papers that use highly dramatic and misrepresentative titles/abstracts/introductions, or papers in need of significant review and revision may be declined.
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> it leads to people trusting arXiv when they should not
I'm only claiming that their moderation is a quick once-over to filter out papers blatantly in violation of those policies (like the "total obvious nutjobs" you describe), while being clear that it's not a peer review.
But I agree with the parent comment that these archives are extremely valuable.
I disagree that informal community comments are of much critical value. In most cases twitter comments and micro-reviews are relatively trivial and are usually based on quick reads rather than deep perusals.
Though calling them papers can be a stretch.
Here's one that "proves" P=NP [2].