I am going to be unpopular for saying this, but from reddits point of view it makes complete sense. Content they “have” is not viewable, so users that make it unviewable need to be removed.

A vast majority of users on reddit just consumes, they don’t post. Maybe comments but not actual posts. So by making those users be able to view everything again, they will keep them on the site.

We can just hope that content quality goes down which would drive users away, but thats more a longterm thing.