No, for the majority of people, you probably won’t notice any differences on the surface (unless you use an adblocker). This is one of those things that will hurt you in more invisible and insidious ways.
Also, read more closely? that section is literally dedicated to the bad stuff that might happen.
If you must have a comparison to something car-related, it’s closer to being forced to do a credit check before buying a car.
I’ve yet to see artists migrate here. The artists started on DA, Newgrounds, YT, Tumblr, etc. The professionals moved to Twitter.
Reddit started from geek & tech culture, not creatives. Its ability to foster discussion extended well to not just techies but to everyone. Most creatives I’ve seen shy away from Reddit.