Reddit Was Fun

The lurkers and users will stay. By reddits internal metrics it won't look like much has changed.

But the people who make the content, provide the discussion that other people read, build the communities that are more than just a topic-flavoured meme board etc. will either stop outright, or just use it less because of the frustration factor and so on, and will look elsewhere.

Eventually the lurkers and browsers are going to run out of the things that kept them around. Then they'll slowly start seeking out where the good content is, and we do the whole dance all over again.