I'm feeling kind of mixed on this decision TBH; while I want the platform to grow (obviously) with more users & more content, I'm terrified it will end up out of control if we (as a community) do not regulate each other. 

That's the beauty of blockchain; that we all own Steemit instead of a board of directors/CEO. I'm all for opening up the floodgates and letting in a whole new batch of users so as long as: 
1) they're over 18 
2) they're not trolls 
3) they're not bots
4) they have a vested interest in watching the platform grow; by either authoring or curating quality content rather than just playing the money game like some users do...