I keep seeing this issue of competition points being "stripped" or "removed" from older members. The institution of a top5/top10 (as opposed to unlimited) for career comp points doesn't really strip away comp points from anyone, if you placed 1st in a bunch of big OC events in like 2010, then those points will still be here, counting towards your ranking if you don't have any other better results.
Even under rev7, as George points out, comp points evaporated after 12 months and I didn't see people getting all riled up about their comp points being "stripped" even though that is exactly what was happening. In actuality, under rev8, older members will be getting more comp points on a permanent basis then they ever have been (if comp points always had a 12 month expiry in the past before rev7 - feel free to correct me if this isn't the case).
I also agree with the other point George makes, that for newer people trying to catch up, it will most likely take significantly longer to accumulate a similar number of points to older members, because the number of competitions every year has started rapidly decreasing. Here's a graph that illustrates this, with competition data taken from here.
Just to put some numbers on this, if you participated in 50% of comps from 2013 - 2018 (making a simplifying assumption that all comps give the exact same amount of points), and if there were only 45 comps per year for the forseeable future, it would take just over 12 years for the new member to catch up at the same participation rate, and only if you stopped participating in any comps. What kind of bullshit is that?
And even if we dismiss the fact that it might take significantly longer for new members to be on an equal footing with older members, if older members continue to participate in new competitions, then there's the hypothetical scenario where an older member will always have more competition points, regardless of how much time a new member puts in. The fact that is possible with unlimited career comp points is a tremendous issue.
I don't see why we wouldn't want to improve the system to promote equality for all members going into the future, rather than advancing the interests of older members at the expense of new members.