Everyone's talking about how this is bad for small channels, but surely this is a big hit to YouTube itself as well. Since they've decided they need to vet all channels before ads are shown, and they can't do that to every channel, they've had to set an arbitrary view/subscriber limit. But now they're going to lose out on ad revenue for millions of previously-monetised videos, while still having to host them for free…
Ironically though, most of the controversy is from large content creators that won't be effected by this so, who knows.