The Mods are currently talking about it. Some agree with my view, others disagree. One thing we all agree on, however, is not letting things get to a point where people are free to do as they please. So, I may/may not be refining that Rule. Just depends on Moderator feedback, as well as, a potential Poll in here. 

I'll make a decision based on all of it. While I disagree with much of what you say, Rol, I'm still considering your feedback. 

I'm just gonna' throw my opinion in here too, lol

The way I see it, as someone who wasn't part of the whole "ordeal", the reason you were given a moderation is for calling someone out as a racist troll, yes? Rather than go through the proper channels of reporting him, moving on and trusting the mods to take care of it, you took it into your own hands and called him out, which in the real world is sort of like being a vigilante... they think they're doing good, in their own way, but really they're just working against the law, in this case the moderators.

The problem is, what you don't see is what goes off behind the curtains, in a case like this I'm sure @CGI-Quality would have looked at the post on itself, then as part of the conversation, and eventually looking to see if the poster has a history of anything similar... I just checked CrazyGamer's moderation history and he's only been hit once before which was for generalizing Nintendo fans... and I daresay the post he made that you were insulted by, seemed more like generalizing than racism, and I personally wouldn't deem it fit for an actual ban as it is. Now, as for YOUR moderation, yes it did start as a ban, but was then knocked down to a warning... now, your history isn't perfect either, is it? In fact, your moderation history is actually much worse, and you've sort of gained a reputation, so I can see why that decision would have been made, especially after we recently talked about how to deal with this sort of thing (Remember, the first thing to do is ALWAYS report the person, don't get yourself involved, otherwise you could say the wrong thing and end up on the wrong side of a moderation, as you've experienced, lol). But y'know, you got away with a warning too, and hopefully in the future you'll know what to do in those situations. 

Not sure if anything I've said is helpful or not, but yeah...

Racism, very much, involves the generalization of a people. If you call a certain group "animals", you'd most likely have a reason for it (in your own mind). You associate most (or all) of that group as one, making it a generalization.

The mod above was saying it was  generalization and not really  racism. Generalization has different Disagrees for example saying blacks love fried chicken, you can argue that's generalization and not racism, saying blacks are savages, animals, and uncivilized, well thats both.     

It's not so much common sense as it is context. In fact, that's usually where people bump heads in this. Like Bristow said, the community needs to also give a little. Trust in the Mods that, if you report someone, we'll, at the very least, take a look at it.