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Have you noticed how there are hundreds of MMO but they all die off in a matter of months.
Have you noticed that people jump from MMO to MMO.
Have you noticed how communities in MMO are dead, no one really gives a damn anymore.
Have you noticed how you seem to level to the cap in a matter of weeks.
In a F2P MMO all the freeloaders bail the ship once they hit the paywall after a few weeks, the ones who get tired of having to pay to progress bail the ship a few weeks after, and the whales is all that's left, but they jump ship too once they realise they're competing against themselves and no longer have a monetary edge over freeloaders.
As a result, no one joins older F2P, since they would need to spend hundreds of dollars to compete with the whales. The MMO simply die.
As a result the quality of the MMO goes down too, since the companies make dying MMO after dying MMO, to rake in cash from the whales.
In China MMo last a couple of months, and they shut them down. This is the future of F2P MMO, completely meaningless casino adventures. Congorats.