Hey Nilbog,
Thanks for responding so quickly.
According to dictionary.com, The word "co*n" means "a rustic or undignified person" and "fag*ot" means "a bundle of sticks."
If we follow your logic, people can create a guild named "Co*n Killers" or "Fag*ot Burners."
Most people associate the words "co*n" and "fag*ot" with prejudice. Most people associate "holocaust" with "The Holocaust." Anyone making claims to the contrary probably has a vested interest in that disassociation, i.e. is a member of said guild. Moreover, a cursory review of
this thread will make it clear that the members of said guild are evidently racist and using the word with a racist meaning, even if a few them make claims to the contrary.