Misuse of accounts and abuse from over 65 reputation is not that common whereas one person with a downvoting bot could hide every single comment by default on every 65+ reputation user if this update went through. After having a downvoting bot put on me, I see the need for anyone 65+ reputation to avoid having comments hidden by a bot.
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I do see it from your perspective but, unsure if you're aware, a second 65+ account was just phished. What would happen if it's your account that's compromised and your reputation is on the line? One wrong click is all it takes man.