It's really not that much of a surprise that this has happened. It was bound to, and it was obvious at an early stage. What has been done is a necessary consequence, in my opinion.
The question is - why didn't ShareCG react earlier to the bleeding obvious by enforcing effective restrictions on mass uploads, banning spammers, deleting low-quality content etc. A lot of problems could probably have been avoided by taking suitable action as soon as possible, and the payment system could have been maintained for the benefit of the many in this community who do provide quality work and make this site a worthwile source of content.
Like others here, however, I'm not in it for the pocket money. I moved my stuff to this site because ShareCG is an excellent file hoster, easy to use and fair to both uploaders and downloaders. That is one reason why I will continue to upload my stuff here.
Also, I support doaservices: ShareCG is supposed to be a community, and people shouldn't abandon this community because of the decisions that have been made, and that had to be made.
So, payment or no payment, I'm still happy to be able to use this site, and unless my stuff is considered utter crap and I'm asked to leave, I have no reason to go away.
I hope you guys at ShareCG can sort out the problems eventually and, if payments are to be shared with uploaders again in the future, come up with a more viable concept for doing so.