I haven’t launched the article commenting system on my site yet, it's in the process of debugging, but suddenly I understood that comments on my site will most likely be used for not only sharing users' opinion, but for posting links as well. Both inbound links and outbound. Some useful, and some will definitely be spammy ones.

Pre-moderation is looks a bit outdated to me, as now everyone wants to see their message posted immediately. But I also don’t want to turn my site into a link farm.

How do you solve the problem of links in comments?

Maybe disable links altogether? Or replace them with asterisks ***? Or turn then into text?