It also killed off a lot of the pillaging mentality. It because such a massive wealth funnel, that most people's funding came from a couple good poker players who would hoover the economies POE to fund their blockade defenses/attacks. Additionally, since actually holding an island wasn't good for much besides prestige, there isn't much point to actually fighting for them unless you say you want to hold an island. Super-mega alliances kept things pretty much stagnant except for the occasional rivalry between massive egos, or trouble maker flags like Notorious Fandango or Oceanus Expeditus. The upper level of the games stagnated due to little to no competitions between Flags. Subscription oceans started dying when they introduced the doubloon oceans. It was a series of bad decisions on OOO part. Used to be really big in this game, was a Senior Office/Royalty in a major flag on Midnight and then on Cobalt.
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