This is certainly not the best solution, and I never intended it to be permanent. I have a long-term solution in mind: A new jr. moderator position is added with no moderation ability over established posters. Newbies can post freely, but their posts are subject to more strict moderation by the many jr. moderators. All newbie posts are additionally available on a single page for review by all members for moderation/reporting.
The reporting system also needs to be enhanced, and moderation needs to be made easier.
This requires extensive modifications to SMF, so we'll have to make do with the "newbies" section until I get time to code it or someone contributes the code. I think the section has been pretty successful in containing trolling, spamming, and repeat questions: the only downside is that it is annoying and drives away potential contributors.
I've never been annoyed by newbie posts. I'd much rather ignore the occasional display of ignorance than create an elitist/unwelcoming atmosphere.
Personally, I read a ton about bitcoin before I ever posted even one comment. I think that is probably the more common scenario.