Nouns capitalization - what natives think about it?

What native German speakers (and writers) think about this rule? Would you even understand the text without each and every noun having capital letter?

For me as a beginner in the language, it looks artificial and unnecessary. This rule was introduced only in 17th century Germany and even centuries later capitalization has not been endorsed by everybody, Jacob Grimm commented in 1854:

In general, I think, people would understand any text without difficulties.
There are some fun sentences lingering about on the internet which show that wrong (non-) capitalisation can indeed significantly change the meaning of a sentence. (If you’re interested, here are a few examples: Warum Groß- und Kleinschreibung so wichtig ist - Fun Bild | Webfail - Fail Bilder und Fail Videos) But these are sort of constructed problems.
In everyday language German could do very well without capitalisation of nouns. However, it’s not on me to reform the German orthography…

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As a native speaker I could still understand the text, but it’s a little bit more difficult to read. Like a text without punctuation marks, no capital letter at the beginning of a sentence etc.

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It doesn’t matter for understanding, but I like this ‘Besonderheit der deutschen Sprache.’
In addition, it can be useful for the German learners as well, for example: schreiben- das Schreiben, lesen- das Lesen.
Wie hat meine Großmutter immer gesagt: Ordnung muss sein!

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I agree, as frustrating certain peculiarities in different languages might be they are part of what makes languages so fun. Such as the weird counting system in french 70 being literally 60-10, 80 being 40-20, etc.