It is hard to say because while some would step away, those who don't will have more opportunity to be seen, get engagement and interact. It should empower curation groups and apps also so there is likely more movement across them also.
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Many just don't care, and they only post because of the money. Almost everyone cares about the money, I don't care what they tell you, if this place offered $0, it would be dead instantly. But many of us care for both and would rather be engaged in both directions rather than completely on autopilot. But it needs to be mutual and more good and fresh content.
This gives the option of whether to engage or not and I think that a great many would actually choose to have a say on the platform as well as create content. There would be no need for those just spewing out nonsense alt content to vote on to do so which creates a more natural space for those who want to produce and take part to be seen and get supported both through votes and comments. I agree, people want value/money but currently that isn't happening for many anyway.
I think a good litmus is what would Haejin do, and we know the answer to that.