Those of us who bought into the format recently because we were upset with how the finances of Modern and Standard worked. If WotC didn't basically have a policy that guaranteed that I didn't need to worry about my $600 card becoming $200 overnight, I wouldn't have bought into Legacy. And I know several players coming from similar circumstances, whether it be buying into Legacy because Modern is garbage or because keeping up with the Standard metagame and cost of rotation was not what they wanted to be doing for the rest of their MTG career.
The purpose of any moat is to impede attack. Some are filled with water, some with thistles. Some are filled with things best left unseen.
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