Did Flickr Just Kill Itself?

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Am I missing something? When I originally signed up for Flickr it was unlimited photos with only a limitation on the amount I could upload per month. Today I get a message saying I’ve just uploaded 200 photos and that I’ll have to pay for a pro account in order to see any but my most recent 200 photos. Is this not news? Did this change of TOS just happen recently? I realize that 24.95 is not a lot to pay per year, but it isn’t a lot to pay for Facebook or Twitter either, but what would happen to those services if they decided that you can only look at your most recent 200 items unless you paid. They’d be gone. Why am I not hearing more written about this on the internets? Flickr is the only piece of Web 2.0 credibility that Flickr has, and I think they’ve just killed it. Why not just move to Picasaweb or Photobucket? ¬†The photos that I’ve uploaded there came from my phone directly sent by MMS. Are the ones beyond the 200 mark that I can’t look at now being held hostage unless I pay the 24.95 ransom. This ¬†is bad karma all the way around. They at least should have grandfathered in existing users who signed up like I under a different understanding.

But the money is missing the point. The money is in exposure and search. Why for heaven’s sake are there no ads on Flickr? That’s their revenue model. Thoughts? Am I missing something? Am I wrong?